Sabren Elashery

Egypt’s real estate portfolio valued at $200 billion, ready for international export

In 2022, Egypt launched an initiative to export real estate with an aim to bolster the local property market and increase foreign currency reserves.

This revival caused the significant increase in the number of tourists traveling to Egypt from Türkiye, thanks to the visa facilitation process.

The SwitchMed III initiative was funded by the European Union (EU) and implemented by the United Nations Industrial Development Organization (UNIDO).

Egypt-based Cash for Microfinance, a subsidiary of Beltone Holding, has partnered with Microfinanza Italia to launch a $2.4 million project.

Under the least severe scenario, the projected cost to the Egyptian economy would decrease to $5.6 billion for the current and the upcoming FYs.

Events

Egypt Projects 22.05.2024

Lift City 23.05.2024

Solar & Storage Live MENA 29.05.2024

ACHEMA 10.06.2024

Download the free 180 pages report