Several factors are expected to contribute to growth of real estate sector, such as the upcoming International Monetary Fund (IMF) loan, the flotation of the pound, and the Cabinet’s economic reform program, according to Coldwell Banker Chairman Mohamed Abdullah, reported Daily News Egypt.

The expected growth rate of the sector was said to be 30% annually, according to Abdullah, speaking during the American Chamber of Commerce conference titled “Sustaining the Real Estate Industry in Egypt” on Sunday.

He added that, despite challenges with the exchange rate, the real estate sector is witnessing changes that make it a safe investment platform, noting that it can still accommodate new companies that can provide added value to the sector and who will also be able to meet the increasing demand of high-end homes, commercial units and office spaces.