amwalalghad :: Egypt’s property sector likely to attract investments the most: Al-Oula Mortgage

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Egypt’s property sector likely to attract investments the most: Al-Oula Mortgage


Published Saturday, 17 March 2018 15:24 | Written by Islam Abdel Hamid & Gehad Abdel Ghany

Egypt’s El-Taamir Mortgage Finance Company- Al-Oula expected that the country’s real estate sector will rank 1st in terms of attracting investments within the upcoming period, said its chairman Hassan Hussein on Saturday.

This real estate sector is to be in the first position due to carrying out a bunch of the state’s ongoing national flagships in the cities of New Administrative Capital, some 40km (24.8 miles) east of Cairo, and New El Alamein, northwest of Cairo, Hussein further added.

The Egyptian official made his remarks on the sidelines of Smart Vision’s Tenth Annual Economic Forum, which was held in Cairo on 17 March 2018.

Smart Vision is an Egyptian joint stock company that holds an annual economic forum in March each year.

The one-day forum tackled investment opportunities in country, national mega projects, Egypt Vision 2030, new capital market law, government-planned IPOs, digital economy, and financial inclusion.