Menassat Developments has partnered with Prime Properties, an international marketing company, to facilitate the sale of real estate to non-Egyptians abroad in exchange for Egyptian citizenship, Invest-Gate reports.

This initiative takes advantage of the Egyptian nationality law, which allows individuals to acquire Egyptian citizenship by investing in real estate.

Menassat Developments aims to provide an attractive investment environment in Egypt and capitalize on the opportunities provided by the Egyptian real estate market.

According to Ahmed Massoud, Chairman of Menassat Developments, Egyptian real estate has become one of the most affordable options worldwide, especially after the recent liberalization of the exchange rate.

He also highlighted the advantages of the Egyptian real estate market, including the variety of available spaces and projects. Additionally, he mentioned the introduction of new codes and regulations, such as towers, integrated urban communities, and compound systems, which have further enhanced the market. Moreover, there is strong demand for real estate within the Egyptian market compared to other international markets.

Massoud emphasized that real estate export is a significant global trade, with an annual volume exceeding USD 2 tn. However, Egypt’s share in this trade currently stands at only 2.5%. He highlighted that Egypt now offers a diverse range of real estate products, including administrative, commercial, medical, residential, apartments, and hotel accommodations. These offerings cater to the needs of Arabs, foreign citizens, and investors.