Category: Egypt

New Egypt office for Jones Lang LaSalle

Leading global real estate investment and advisory firm Jones Lang LaSalle has opened an office in Egypt. By setting up office in Egypt, according to Reuters, the company hopes to capitalise on the country’s “stable, cash fuelled” property market. Whilst Egypt’s property sector was not immune from the effects of the economic downturn, it withstood them… Read more »

Egypt property prices to increase at steady rate

Now could be the best time to invest in the Egyptian property market, recent news articles suggest, with prices expected to rise steadily over the next five years. Articles for Buy Association and propertyabroad.com quote a recent study by investment consultancy Markaz which projects that the prices of property in Egypt to increase by 6%… Read more »

Egypt top choice for British tourists in 2010

Egypt is expected to be one of the top destinations in 2010 for British tourists looking to make the most of their holiday budget this year.  Egypt represents excellent value for money for tourists after the Egyptian Pound dropped by nearly 15% against the British Pound throughout 2009.  According to the Post Office sales of… Read more »

Construction of new terminal underway at Hurghada airport

A construction contract has been awarded to build a second terminal at Hurghada airport. The new terminal, expected to take 36 months to construct, forms part of expansion plans to increase Hurghada’s airports capacity from its current 5.6 to 13 million passengers per year. Medhat Hendawi, chairman of the Egyptian Airport Company said: “The new… Read more »

Sale of land in Sahl Hasheesh sign of appetite for Red Sea property

Leading real estate company Egyptian Resorts has sold a plot of land in Sahl Hasheesh on the Red Sea for $13.3 million according to Reuters, representing a renewed appetite for Egyptian property, as well as a sharp increase in the value of the land. Egyptian Resorts have observed an increased interest in Egyptian property, according… Read more »

Dubai Group to invest in banking and insurance

The Dubai Capital Group is planning to become a full fledged investment bank by acquiring stakes in various financial sectors such as banking and insurance. The group, which has stakes in several banks in the region, is looking at buying stakes in five banks by the year-end. The stakes could be small or large investments… Read more »

Europe most attractive continent

Bulgaria is the cheapest county for resting and tourism according to data of British Post department, Zagrandom reported. Jump in prices was marked mostly in the EU. In the USA and several European countries may be spend a vacation on acceptable prices, responding at the level of the given services. The most acceptable for tourism… Read more »

RAK FTZ to promote services & facilities in Egypt

The Ras Al Khaimah Free Trade Zone (RAK FTZ) conducted a major promotional campaign to introduce its services and facilities in Cairo of Egypt in city Star Intercontinental hotel conference hall for 3 days. The zone’s marketing teams instantly addressed the questions of the investors in detail and introduced them to the state-of-the-art facilities the… Read more »