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.