Egypt

Egypt has been living with the azmit al iskan (housing crisis) for more than 30 years. Inadequate stock, overcrowding and a lack of affordability have become the norm, and while successive administrations have paid lip service to reform and solutions, the housing deficit has continued to grow and the existing housing stock has degraded...

The retail environment in Egypt is set for a transformation over the coming decade. While it has always been a key facet of the country’s economy, with household consumption expenditure accounting for 82.8% of GDP in 2014, it is likely to become all the more formalised over the next 10 years. The sector has remained intact in the face of...

The current administration has announced a number of initiatives to support the development of the real estate industry, as well as improve the provision of housing for the general populace.

Property is one of the few areas that has benefitted from the uncertainty and instability of post-revolutionary Egypt. As investors have become jittery and the government has introduced capital controls, money has flowed into real estate.

While Egypt has faced several challenges in recent years, tourism remains one of its leading foreign currency exchange providers and the sector is a key contributor to both GDP and job creation. The sector has historically played a central role in the economy, with its total contribution to GDP rising from 8.5% in 1988 to a high of 19.5% in...