International investors are increasingly eyeing Egypt’s property sector

Developers and policymakers have a lot riding on their real estate export ambitions, but how much do we really know about what international investors want? Global property consultancy Knight Frank conducted a survey with YouGov that spoke to 264 high-net-worth individuals from Saudi Arabia, the UAE, Germany, the UK, and the US, with an average wealth of USD 9.7 mn each. The results in Knight Frank’s most recent Destination Egypt show that investors’ preferences are very different depending on the country they come from.

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By the numbers: The country currently has USD 120 bn worth of active construction contracts and USD 565.5 bn in planned future projects, cementing its position as a regional real estate powerhouse, Knight Frank Partner and MENA Head of Research Faisal Durrani said at a press conference attended by EnterpriseAM.