Category: Egypt

Fast growth reported for Egypt economy in first quarter

Egypt’s economy grew by 5.8% in the first quarter of 2010, the fastest rate in nearly two years, Economic Development Minister Osman Mohamed Osman has revealed. According to Osman, tourism, manufacturing and Suez Canal revenue were the main contributors to the growth between January and March, which he described as “very satisfactory”. Revenue from tourism… Read more »

Infrastructure in Egypt

Typically, a successful economy increases the potential for capital appreciation as the native citizens become wealthier and local affordability improves. However Egypt’s strong economy has done far more than that, Egypt is reinvesting capital into the improvement of everything. Development of services and facilities to enhance amenities, infrastructure and accessibility has taken place on a… Read more »

Egyptian Economy

During the 1990’s, a series of structural reforms including, Egypt’s privatisation and new business legislation helped Egypt propel itself to a more market-oriented economy and since the turn of the millennium has prompted foreign direct investment. Many large MNCs (Multi National Corporations) have now established a base in Egypt including household names such as Vodafone… Read more »

Egypt Tourism

The land of Pharaohs, Pyramids and the Nile, Egypt has always been an iconic destination amongst tourists. The crystal clear waters of the Red Sea are a world renowned, and Egypt’s history stretches back far beyond any other country in the world. Along with spectacular resort areas, a welcoming population and an unbeatable climate, Egypt… Read more »

Egypt: Getting There, Getting Around

The best time to visit Egypt is from October to May when temperatures are mild and range between 60 to 80 degrees Fahrenheit during the day although the nights can be quite a lot cooler. The Mediterranean coast can also be chilly and the weather rainy, especially from December to February. The really hot months… Read more »

Egypt Property Market

Introduction Egypt benefits from the fact that Egyptians like investing in fixed assets like property and as a result the industry doesn’t rely as heavily on foreign investment. This has sheltered the Egyptian property market over the past few years when its growth was only in its infancy. Now the Egyptian market stands in a… Read more »

Egypt property market growth to continue

Egypt’s property market looks set to continue to perform strongly over the next 12 months according to a recent article. The article published by Al Bawaba highlighted revival of Egypt’s economy and growing population as indicators of the country’s healthy property market. Speaking ahead of a Next Move property exhibition, Ahmed Ghozzi, chairman of event… Read more »

A Place in the Sun 2010 exceeds expectations

Overseas property exhibition A Place in the Sun Live 2010 exceeded all expectations, with increased visitor numbers signalling renewed interest in the overseas property market amongst UK buyers according to industry experts.  The event, held at Earls Court 26th-28th March attracted 8% more visitors than last year but more significiantly, the buying appetite of the… Read more »