Best time to invest in real estate in Egypt: diplomat

KUWAIT - 11 April 2018: Deputy head of the Egyptian diplomatic mission in Kuwait said Wednesday that, for the time being, pouring investments in the real estate sector in Egypt would best serve the interests of both individuals and institutions.

Speaking to MENA, Nazli al Fayoumi said the time is ripe for investments due to the economic reforms adopted by the government, the stability in exchange rates, and inflation deceleration.

The economic indicators signal a potential constant strong growth in the real estate in the coming period, she added on the sidelines of the inauguration of the Egyptian real estate fair 2018.

Up to 25 Egyptian real estate companies are taking part in the fair, and providing a wide spectrum of projects nationwide.