Egypt real estate sector remains hotbed of economy

eal estate developers expressed that their sector is the fastest growing in Egypt, achieving higher growth than the Egyptian government achieved in the economy in general, with expectations of reaching 7%, especially with new offers by the government and the development of housing projects in several areas, and variety in real estate developers’ products.

Daily News Egypt polled some of the biggest real estate developers on their expectations for the growth and development of Egypt’s real estate sector.
Real estate growth expected at 7%

Ahmed Shalaby, managing director and board member of Tatweer Misr, said that the sector expects to grow due to the national projects underway in several areas, especially in the New Administrative Capital, New Alamein, El Galala in Ain Sokhna and new cities such as New Cairo and Sixth of October.