Geopolitical unrest in Europe, supply chain disruptions impacted by the Covid19 pandemic, and macroeconomic volatilities have all caused headwinds across the construction sector, significantly increasing prices of construction material in Egypt. Having said that, JLL has collated market intelligence data to provide a review of the Egypt construction sector over 2022. Despite these headwinds and economic turmoil associated with the currency devaluation in Egypt, the value of projects awarded in 2022 represented around 21% of the total value recorded in the Middle East and North Africa (MENA), indicating a year-on-year spike since 2020. This was attributed to a record inflow of foreign direct investments (FDIs), as well as regional developers, investing in critical infrastructure projects, highlighting a resilient real estate sector.