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Egypt boosts real estate sector to attract foreign investment and drive growth

Egypt is revitalizing its real estate sector to boost economic growth and housing availability, as stated by Minister Sherif El-Sherbiny. The strategy includes easing regulations for real estate funds, attracting foreign investments, and collaborating with Saudi Arabia and the UAE. With a projected growth in 2024 driven by demand from expatriates and Gulf citizens, the sector aims to meet the annual need for two million housing units, supported by major infrastructure projects and a focus on sustainable development.
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