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FINANCIAL NEWS
Egypt invests EGP43bn in real estate sector
31 Oct 2016
(MENAFN) Egypt has pumped investments estimated at EGP43bn into the real estate sector amid the last 30 months.
Accordingly, only EGP30bn were invested in the country”s real estate sector, emphasizing that the recent numbers signify a huge leap.
Moreover, the EGP43bn were invested in social housing projects, the 1mn unit project for lower income citizens.
In addition, in the coming period, two new cities in Upper Egypt will be inaugurated as part of the ministry’s plan to set up new generations of cities in the country.
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