Building and construction projects are associated with the country's internal and external conditions, which exposes them to risks throughout their lifespan; hence, the construction industry is one of the industries influencing the country's economy. Therefore, the study aims to identify and evaluate the risks associated with Egyptian building and construction sector conditions. Consequently, this study explained and examined the risk management concept and its emergence in construction projects, along with the five stages of risk management. On the other hand, the study analyzed and demonstrated the concept, characteristics, and significance of the construction industry, its influential role in development plans, the position of that industry in Egypt, and many other factors that hinder this pivotal industry. Therefore, the study investigated many previous studies to identify the most significant risks facing the Egyptian construction sector due to the lack of a fixed database of risks for all projects and classify them according to quality, cost, performance, and schedule. Finally, to assess the significance of these risks and rank them according to the occurrence probability, the hazard size, and the threat degree relative to the Egyptian building and construction industry. A field study was conducted through interviews and a questionnaire based on the Chi-Square test in light of the architectural, urban, and infrastructure projects Egypt is currently undertaking within Vision 2030. Consequently, it will facilitate dealing with, managing, and treating risks and reducing and preventing their consequences as a standardized database.