Luxury homes grab only 4% share of Egypt real estate market – official

Luxury homes capture only 4 percent of Egypt’s real estate market, a senior official in the country’s industries federation’s Real Estate Development Chamber on Sunday.

“The country is currently executing its national road network to serve urban development plans,” Amgad Hassanein said.

Banking and real estate sectors are the main drivers of Egypt’s economic development, Hassanein added.