Egypt re-builds with Qatari property investment
As confidence returns to Egypt, large investment groups have thrown their weight behind the country’s recovery. One such organisation is Qatari Diar, the real-estate arm of Qatar’s sovereign-wealth fund who has announced planned investment of $543.8 million into Egypt’s property market. The Bloomberg news network reported how the investment will be split between projects in [...]
Hilton takes advantage of Egypt tourism with 17th Hotel
Internationally renowned Hotelier Hilton Hotels have opened yet another resort in Egypt. It is the prestigious brand’s 17th establishment in the country which highlights their confidence in Egypt’s growing tourism industry. The global head of Hilton Hotels and Resorts, David Horton commented on Hilton’s position in Egypt. “As the largest international hotel brand in Egypt, [...]
Investor attitudes towards Egypt property improve
Investors have become increasingly optimistic about Egypt’s property sector as the government has taken further steps to sure up any concerns over disputes that arose after the departure of Mr Mubarak. The Government have announced that they will resolve any outstanding land bank issues as part of their plan to give better legal protection to [...]
Egypt is at the beginning of a Property Boom according to experts
Egypt is showing clear signs that it’s at the beginning of a real estate cycle that will see significant price increases according to experts. Research conducted by Business Monitor International found that property prices and rents are rising at a considerable pace provoked by strong international demand, a rapidly expanding tourism industry and the country’s [...]
Egyptian Property stocks gain for a 5th day
Growing confidence in the Egyptian real-estate sector has lead to a 5th consecutive day of positive trading. While nearly all sectors within the EGX30 have experienced growth, property stocks made the strongest gains. Real-estate stocks as a whole gained 4.15% on Sunday, but individually some big developers recorded growth from 5% to in excess of [...]