Construction captures 18.5% of nine-month investments in Egypt: minister

Egypt’s construction, building, and real estate activities sector has captured 18.5 percent out of the total investments made in the first nine months of financial year 2016/2017, Investment Minister said Sunday.

Sahar Nasr further added that the county’s mortgage contracts rose 77 percent to 956 million Egyptian pounds ($54.1 million) during the first half of 2017 from 540 million pounds during the same period last year.

The Egyptian minister made her remarks during the Second Real Estate Conference, which was held under the title of Real Estate Debate.