EGYPT

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Egypt, situated close to the Mediterranean coast and the Red Sea, has a population of 72 million inhabitants, and it has one of the most dynamic economies of Africa. Its economic force is based on a sustained growth of the 7% annual current GDP in the last years. Moreover, the rate of inflation of the country maintains under the 4.5%. These data are very positive for those interested in Egypt as business opportunity.

The pharaohs' land exercises great influence in the recruitment of external investments, destined mainly to build and promote infrastructures and to the construction of housing units, due that Egypt has nowadays a real estate market in initial phase of development.

Egypt is considered in international markets as the natural entrance door to the enormous markets of Near East. For this reason, countries as the United States, France, Germany, the United Kingdom and Spain , are investing in Egypt in key fields as energy, construction and chemists.

Cairo, capital of Egypt, is a city of 15.7 million inhabitants with a great call for high-standing housing units.These housing units are acquired by residents with high purchasing power or foreigners that use them as second residence. Cairo is the nerve centre of communications in the country. The international airport is the most important and is situated 22 kilometres on the Northeast of the centre and is the main entrance door to Egypt.

Other of the most important cities is Hurghada, situated in full coast of the Red Sea, attracts national and international tourists with high purchasing power. Most of them are looking for a second residence in this area. Marina d'Or is building in this city White Sand Resort , a luxurious promotion of 754 housing units.

Egypt offers the most competitive framework for the producer field in the Arabic world: cheap energy, land and qualified manpower.
It is the only country in the region that offers investors free access to customs duties to the most important markets in the world, included the United States, Europe, Africa and Near East, thanks to a unique combination of preferential commercial agreements.

In last years, exports are joining in the development engine together with the income from the Suez Canal, the tourism and the foreign exchanges sent by Egyptians abroad.