Egypt's real estate market to attract $120B in investments from Middle East Sovereign Wealth Funds

Middle East Sovereign Wealth Funds have shown interest to invest up to $120 billion in Egypt in the upcoming years. This was published in Knight Frank’s Africa Horizons 2023/24 Report, which stated that Egypt's real estate market, mostly in Cairo, has an outstanding prospect for investment.

According to the report, The UAE already invested in 71 real estate projects in Egypt, amounting to $5.6 billion in 2021.

Meanwhile, Saudi Arabia has invested $6.1 billion so far in 6,017 projects in industry, construction, tourism, among other sectors, according to Egyptian Minister of Trade and Industry Ahmed Samir's statements in 2022.