Why Egypt

World attention now focused on Egypt as a promising market with a strong economy, The Egyptian economic growth recorded a positive and impressive improvement due to economic and financial reforms

Construction investments over 48% of the country’s total investment

In a country with 81 million residents, the increasing demand for housing and the large infrastructure projects have driven Egypt’s construction sector to rise as one of the most active and fastest growing sector. Construction investments alone amount to over 48% of the country’s total investment and was estimated to grow an average of 20-25% annually since the 1980s. With the massive size and scope of the construction industry, any wide-spread enhancements will undoubtedly lead to an impressive impact on the country

The real estate sector 8.6% of the nation’s GDP

The real estate sector is growing at 7% in real terms and now contributes 8.6% of the nation’s GDP. The sector employs around 11% of the country’s workforce and accounts for between 5 and 6% of investments. Both supply and demand remain strong and new building licences are growing at 42% a year. However, as the class-A market is moving gradually into oversupply developers are increasingly modifying their plans to meet the neglected class-B market. The purchasing power of this segment is growing rapidly thanks to improved access to credit and the strong economy. Gulf developers are also beginning to look beyond residential real estate to new opportunities in the commercial and hospitality sectors

'Egypt among top three investment locations for 2009'

Egypt is among the top three locations in the Middle East and North Africa region for investment from foreign real estate investors  Egypt was second behind Dubai and ahead of the third-placed Tunisia in its popularity predictions for 2009