Egypt launches 1st real estate exchange to boost sales

Egypt has established a stock exchange to promote real estate sales, following the new real estate investment fund has been launched in July, taking advantage the large urban boom in the country, according to Prime Minister Moustafa Madbouly.

The government is keen to promote real estate export as a source of foreign exchange and is studying various proposals and procedures to achieve this goal, Madbouly further added in a meeting on Monday.

This move aims to provide investors with an easy way to buy and sell real estate, as it also offers greater liquidity and diversification, as well as reducing some of the risks associated with investing in real estate.