Egypt’s Real Estate Sector Remains Attractive to FDI
Egypt’s real estate sector maintains its position as a cost-effective foreign direct investment (FDI) destination, in a report by Fitch Ratings. The ongoing investment in the energy and public infrastructure sectors remains a major growth driver in Egypt in the long term, the global agency added, expecting Egyptian and Chinese trade ties to further develop. The overall situation of Egypt’s commercial real estate sector encourages investment in the market, given the ongoing development, construction of 20 new cities, and development of 23 existing ones. The new cities, including the New Administrative Capital (NAC), New Alamein city, and New Mansoura city offer potential investors attractive, large-scale real estate project opportunities. Fitch expects Egypt's FDI inflows to continue rising, with domestic institutions adopting strategies to mitigate economic risks on the global and local fronts and the government introducing reforms to improve the business ecosystem and increase the private sector’s participation in the economy.
Tags : Egypt real estate sector foreign direct investment Chinese trade commercial investors