What are the main growth drivers of the residential market in Egypt?
The acceleration of a long-awaited reform programme and continued economic recovery, particularly in the retail and energy sectors, made 2016 a transitional year for Egypt.
The government’s drive to boost foreign capital flows has moved forward with the launch of a new foreign direct investment (FDI) council, although there is still room for further improvements.
In a bid to help improve inclusive growth and employment, Egypt’s central bank has taken aggressive steps to help expand commercial lending to the country’s small and medium-sized enterprises (SMEs).
Multiple billion-dollar deals signed recently between Egypt and Saudi Arabia are part of a push by the latter to invest in long-term developmental projects in the North African country.
The year 2015 brought welcome stabilisation and recovery to Egypt, after a difficult post-revolution period marked by continued upheaval and sluggish growth.
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