The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that real estate investments in Egypt have increased to from EGP 31.1 bn to EGP 39.8 bn from 2014 to 2015, marking a 27.1% increase, Daily News Egypt reports.
Residential developments increased from EGP 7.8 bn in 2014 to EGP 8.9 bn in 2015, marking a 14.5% growth, due to the enhancing facilities including electricity, sewage and educational institutions, the CAPMAS report confirms. Also, infrastructure projects including water stations projects and networks recorded EGP 648 mn in 2015, compared to 2014’s EGP 569 mn, indicating a 13.9% increase.
Electricity projects increased by 231.2%, going up from EGP 1.7 bn in 2014 to EGP 5.5bn in 2015, while sewage projects increased by 134.1%, going up from 2014’s EGP 0.8 bn to reach EGP 1.8 bn in 2015.
On the other hand, the CAPMAS report reveals that the costs for industrial complexes have decreased from 2014 to 2015 by 0.9%, recording a drop from EGP 1.4 bn in 2014 to a EGP 1.3 bn in 2015.