Get update

Real Estate Export Strategy.. Developers Welcome It: Yields High Dollar Returns with Conditions
04 Nov 2024 Comments (0)

Real Estate Export Strategy.. Developers Welcome It: Yields High Dollar Returns with Conditions

He highlighted the main obstacles to real estate export, namely legal and bureaucratic challenges, which the government should address by simplifying real estate and investment laws.

He added that developers' primary demands include creating an encouraging and supportive environment, facilitating financing, offering technical and marketing support, and providing training and development opportunities to enhance their competencies.

The key points of Egypt’s strategic directions document for the new presidential term included the state’s intention to establish a specialized company to manage real estate export and leasing activities in Egypt, aiming for foreign currency revenues of $2-3 billion. This plan includes selling real estate in foreign currency with a five-year "Green Card" residency.

Additionally, there are plans to launch an investment fund with a capital of $1 billion, offering subscription units for Egyptians abroad to invest in a portfolio of highly attractive and high-yield state-owned assets and diverse securities. This fund is to be issued by a major investment bank and managed by an internationally renowned fund manager.

Tags:
Share:

(0) Comments

Write your comment

We’re Ready to help you Today!