Category: Egypt

Growing tourism in Hurghada prompts property investment

The internationally renowned, luxury hotelier Hilton Worldwide has announced that it will be opening its 4th hotel in Hurghada by Q2 2012. Jean-Paul Herzog, area president for Hilton, Middle East and Africa said “Our flagship brand first entered Hurghada in 1995. Since then the area has developed rapidly and it continues to be a growing… Read more »

Impressive domestic demand drives Egyptian property growth

Replacing the BRIC economies, the CIVETS have quickly moved into position as the most highly anticipated growth hotspots of the next decade. One CIVETS nation that shows particular potential is Egypt which has the secure fundamentals in place to achieve ‘real growth’ that more speculative markets have failed to accomplish. There are several reasons for… Read more »

Egypt and Turkey set to become 2011’s tourism hot-spots

As 2010 draws to close, market commentators have identified the up and coming tourism destinations of 2011. Two nations set for success are Turkey and Egypt which have both seen massive growth in their tourism sectors this year. This growing trend has been clearly evident through-out 2010, however its been the latter part of the… Read more »

Egypt and Turkey climb in Currency Rankings

Growing tourism and increased property sales to a global market has significantly improved the standing of both Turkey and Egypt’s currencies. According to the most recent currency index published by American Express Global Foreign Exchange Services, the Turkish Lire and the Egyptian Pound are the 3rd and 4th best selling currencies in the UK. American… Read more »

Jet2 launch new flights to Hurghada

Low cost airline has announced a new route to Egypt and is to commence flights from Manchester to Hurghada, the Red Sea hotspot, in October this year. Talking about the new route, Philip Meeson, owner of Jet2 said: “I’m delighted that our customers in the North-West will be able to take advantage of direct… Read more »

The future looks bright for Egypt property sector

Evidence is mounting to suggest that Egypt is ‘the next big thing’ in the property sector according to a recent article by Arabian Business. The article published at the weekend cites several factors as to why Egypt’s property industry is attracting such attention. These  include the country’s large population which currently stands at more than… Read more »

Egypt’s property market to outperform its neighbours according to Credit Suisse

Egyptian property stocks are set to outperform the rest of the MENA region over the next 12 months, a report by international bank Credit Suisse has revealed. The growth will be born from “strong domestic housing demand recovery that should filter through developers’ sales figures this year, especially on the middle income segment” according Credit… Read more »