The float of the EGP has lured foreign investments back to the economy as capital inflow ups demand for commercial real estate with investors seeking income-producing assets, according to a BMI research report.
New developments will take place in Sheikh Zayed city, on the outskirts of Cairo in preparation for new land offerings to investors and construction of housing projects, Invest-Gate reports.
Several lands will be allocated and dedicated to farmers and investors in Toshka, Farafra and El Maghara areas as part of the New Egyptian Countryside Development (NECD) project, Invest-Gate reports.
The Maldives is targeting Middle Eastern investors for its new island smart city development, Hulhumalé, which is to be showcased at Cityscape Abu Dhabi taking place starting April 18-20, Invest-Gate reports.
The Egyptian Industries Federation’s Chamber of Real Estate Development proposes three initiatives to boost the real estate market in means to protect Egyptian and foreign investors, Invest-Gate reports
The New Urban Communities Authority (NUCA) has approved a number of facilitations for investors, including reducing administrative fees for land plots.
A number of major real estate investors operating in Egypt have voiced concerns over obstacles affecting the growth of the industry, and hence their businesses. The most prominent of these obstacles include an increa ...