Cairo, the capital of Egypt, is emerging as a trusted city for investment.
According to a report, an investment of 120 billion dollars is expected in Egypt in the next few years.
Global real estate consultancy Knight Frank said in its report that major global powers, including Saudi Arabia, the United States, the United Kingdom, the United Arab Emirates, South Korea and China, have renewed their areas of investment in Africa.
Egypt’s population exceeds 100 million and its historical location offers exceptional opportunities, particularly for the Gulf Cooperation Council (GCC) countries and other Middle Eastern states, the report said. are
Egypt’s Minister of Trade and Industry Ahmed Samir says that Saudi Arabia is the second largest investor that has invested 6.1 billion dollars in various projects.
These projects include industry, construction, tourism, agriculture, finance, communication and information technology.
A global real estate consultancy says that with two billion square feet of real estate in Egypt to be traded, Cairo has tremendous real estate opportunities.
In 2022, real estate investment in the capital was $20 billion, including $16 billion for the residential sector.
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