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FINANCIAL NEWS
Sale of vacation properties to grow by 40 pct in Egypt
03 May 2016
(MENAFN) The sale of vacation properties will increase between 30-40 percent this year owing to increased demand from Egyptians and Arabs.
Moreover, the reduction of the Egyptian pound against the dollar will be a substance for the growth of real estate investment in the coming period.
The firm is focusing its sales on Egyptians as well as nationals living abroad; while properties will also be sold to Arabs in the recent season.
In addition, the project involves 2,000 housing units differs between tourist villas and chalets, with investments of USD 0.20bn.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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