Middle Eastern investors spark $120B surge in Egypt's dynamic real estate market

A premier international real estate consultant, Knight Frank MENA, presented a thorough analysis highlighting Africa's outstanding post-pandemic recovery. A renewed interest in Africa has surfaced in the post-pandemic environment, which is supported by large financial promises from influential parties. Along with commitments from other world powers, the UK's $2 billion investment in sustainable projects across the continent emphasizes the important hub cities' resurgent appeal, including Lagos, Nairobi, Cairo, Johannesburg, and Accra. 

Zeinab Adel, head of Egypt office, observed: It is with great pleasure that we unveil the incorporation of Egypt into our Middle East and Africa Network. With a population exceeding 109.3 million, Egypt stands as an alluring prospect that beckons us. In the heart of this historic land lies an extraordinary opportunity, one that resonates strongly with the GCC market and Middle Eastern buyers alike. Egypt's magnetic blend of rich heritage, strategic geographical location, and burgeoning economy propels it to the forefront of investment destinations." 

More than 20 million people live in Cairo alone, making it a thriving metropolis. The excellent portfolio of over 2 billion square feet of active real estate in the nation presents tremendous development possibilities. The most significant of these projects was The Agtech Park in Egypt, where the Abu Dhabi Fund for Development (ADFD) of the UAE supported the establishment of an agricultural technology (agtech) park to increase Egypt's agricultural productivity and foster innovation in the sector. The UAE invested 71 projects totaling US$ 5.6 billion in 2021 alone cementing Egypt's postion as a centre for future investment oppurtunities. 

Source - Zawya