Qatar Invests in Egypt’s Property Market

Large investment organizations are choosing to invest in Egypt property with the latest deal amounting to nearly € 445 million from a real-estate company in Qatar.

The news story from Bloomberg has excited property investors and put confidence back into Egypt. The investment will create 4,000 jobs in Cairo and the Red Sea area, and is expected to assist Egypt’s property market.

The emirate has given continued support since the revolution in January and a report from Qatar News Agency has stated the country may invest a further €7.5 billion into building a new port in Egypt.

This is great news for Egypt as it gives the country a chance to push its tourism industry to the next level. Property investment has become very popular in Red Sea areas like Hurghada and the new investment will give the region a massive boost of visitors.

Investment’s in Egypt’s tourism and real-estate sectors has shown the country has strong potential for full time growth and its economy is set to improve dramatically over the coming months.