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Egypt 'sound for investment'

Date : (News Section: Egypt)

Egypt 'sound for investment'

Egypt is a sound investment destination, an economic analyst has suggested.

In a feature on the country, Chip Krakoff of Seeking Alpha said the country's demographic trends and economic state, combined with loosened regulation and tax in recent years, make it a good place for property and other investment.

He stated: "The fundamentals for the most part look right. These include a domestic market of 80 million people, expected to grow to 100 million by 2025, a stable currency and sound macroeconomic policies."

Mr Krakoff added that the country has "favourable" economic agreements with major economic powers, including the European Union.

He noted that developments include the rapid rise of a city near to Cairo called October 6th, which has seen a large number of apartments built since the 1990s.

Last month, Nuwire Investor identified a number of beach resorts as being popular destinations for British buyers.

These included places such as Hurghada, El Gouna and Sharm el Sheikh.


Article by +James Roberts on behalf of

Read More

  1. 13 November 2013 - Progressive taxation rejected in Egypt
  2. 28 October 2013 - Effects of Egyptian political crisis on property remain unclear
  3. 04 October 2013 - Residential Egyptian property to be investor 'bread and butter'
  4. 18 September 2013 - Egyptian real estate still capable of growth
  5. 05 August 2013 - Is Egypt running out of development land?

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