Egypt real estate sector sees $12.8 billion investments in 7 years: minister

Egypt’s real estate sector is set to receive enormous investments up to 100 billion Egyptian pounds (US$12.8 billion) over the next seven years, the country’s investment minister announced Sunday.

Salman made these remarks during his keynote speech at Real Estate Industry in Egypt: Challenges and Opportunities Conference held Sunday and organised by the American Chamber of Commerce in Egypt.  The conference was attended by Anis A. Aclimandos – chamber’s president- and members of chamber.

Egyptian government is to sign soon final agreements for several PPP projects announced during the country’s Economic Development Conference (EEDC) held last March in Sharm el-Sheikh, the minister added.