With the continued expansion of the Egyptian economy, the government proposes many mega projects, with intentions to promote their projects in various international forums held inside and outside Egypt. Investors are eyeing these opportunities.
In an attempt to enrich the market, Egypt’s cabinet ratified last July the state’s residency-for-property law, allowing foreigners to acquire a five-year residency in Egypt in return for owning properties worth nearly USD 400,000.
The executive regulations for the residency law are underway fine-tuning and will be issued within a month or so. In this regard, Invest-Gate delves into the newly amended law to evaluate its potential in rendering the Egyptian economy as well as reviving the real estate industry.
Page 1 of 1
