In a first, Egypt establishes real estate bourse

The government has announced the establishment of a bourse to promote the sale of real estate, taking advantage of the large urban boom in Egypt, real estate development expert and member of the Egyptian Businessmen Association, Tariq Bahaa, told RT.

He explained that Egypt has made many efforts to enhance its real estate export, due to the urban development it has witnessed lately.

These include the establishment of a real estate stock exchange, serving as a platform to enables investors and real estate companies to buy and sell shares in real estate assets and invest in them, Bahaa said, which will complement the traditional real estate market.