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Real Estate in Egypt

  • Africa property offers rich pickings for the brave

    BOTSWANA, 2017/08/20 Some property pundits believe there are major opportunities for investors or companies on the continent. While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.
  • PACT Real Estate Group PACT to create ‘new destinations for new generations’ in Egypt

    EGYPT, 2016/05/26 The Worldfolio’s preview of an interview with Moaaz Wessam Eldin, Managing Director of PACT Real Estate Group, provides a glimpse into some of the topics he discussed with United World about Egypt’s uniqueness, its current economic national, and the immense opportunities available in its real estate and construction sectors, typified by PACT’s flagship smart home project, White Bay, in Sidi Heneish on the North Coast. Egyptian character: Egyptian millenarian history and its deep and diverse culture pretty much explain the resilient nature of the people to overcome difficult times and move forward.
  • The private sector has focused primarily on high-end and housing for the poor

    EGYPT, 2016/01/06 The Ministry of Housing has collaborated with the Division of Real Estate Investment working within the General Federation of Chambers of Commerce to form a committee. It will be tasked with establishing of 500,000 units of middle-class social housing, according to a statement released by chief of the division Mamdouh Badr El-Din Saturday. Badr El-Din explained that the committee has begun work by examining sites and cities in which the units can be established. The committee is as well considering mechanisms to implement and finance the project with the aim of providing affordable prices while not compromising on quality.
  • Two-tiered real estate demand in Egypt

    EGYPT, 2015/12/20 With economic increase steadily picking up, real estate developers in Egypt are looking to opportunities at opposite ends of the real estate spectrum, with a range of both affordable and luxury housing projects in the pipeline. Affordable demands Despite increase in supply in recent years, developers see significant untapped request in the market. “Residential request is driven by very strong underlying demographics across all gain segments,” Magued Sherif, managing director of developer SODIC, told OBG. “The accumulated housing gap is reported to be 3m units, with an additional 300,000-500,000 units carried over each year, compared to the less than 20,000 units delivered per annum by private developers.”
  • Egyptian billionaire Naguib Sawiris

    EGYPT, 2013/10/07 Egyptian billionaire Naguib Sawiris, part of the Orascom family conglomerate, is planning to build three five-star hotels in the island country of Grenada. Mr. Sawiris met with Prime Minister Keith Mitchell during a recent visit to discuss investment in Grenada's tourism and hospitality industry, according to a government statement. St. George, Grenada The telecom mogul, worth $2.5 billion according to Forbes, has by presently purchased beachfront property and Silver Sands Hotel, a popular hotel in Grenada before damaged by a hurricane in 2004, the Caribbean Journal reports.