Why Inversting/Buying a Property in Egypt ?
Since Egypt opened the door to foreign investment, many local and foreign investors have taken advantage of low prices and great investment opportunities in various parts of Egypt. Many of the attractive real estate zones in Egypt are located on the Red Sea. However, the foreign investors seeking growth and income potential are considering various parts of Egypt and actively seek advice from local real estate experts for types and locations of suitable investments in Egypt.
Many international companies also have relocated their firms and staff to Egypt to take advantage of lower labor and tax rates. These companies are dependent on the local real estate firms to supply their employees accommodations and needs. It is noteworthy to mention that after Saudi Arabia, Egypt ranks the second largest recipient of foreign Direct Investment (FDI). Egypt is receiving over a $billion in FDI, and thus attracting overseas interest in real estate. Also Emaar Misr, a subsidiary of Dubai based Emaar Properties signed a contract worth about 4 billion USD to develop an exclusive and iconic series of villages in Cairo in 2005. Similar developments are being made by various overseas firms in Egypt today.
Many international companies also have relocated their firms and staff to Egypt to take advantage of lower labor and tax rates. These companies are dependent on the local real estate firms to supply their employees accommodations and needs. It is noteworthy to mention that after Saudi Arabia, Egypt ranks the second largest recipient of foreign Direct Investment (FDI). Egypt is receiving over a $billion in FDI, and thus attracting overseas interest in real estate. Also Emaar Misr, a subsidiary of Dubai based Emaar Properties signed a contract worth about 4 billion USD to develop an exclusive and iconic series of villages in Cairo in 2005. Similar developments are being made by various overseas firms in Egypt today.
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