Real Estate Leasing Contracts Record EGP 10.4 bn

Tuesday, 1st November 2016

Real estate leasing contracts have recorded EGP 10.4 bn from January to August 2016, according to Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority (EFSA), reported Mubasher.

This marks a 7% increase in the value of contracts during that period, Samy noted.

EFSA has approved the first real estate investment fund in Egypt and is also expected to partner with a company specialized in managing funds and preparing offerings for developers and investors.

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