Cairo – Mubasher: Egypt’s real estate is one of the fastest growing sectors, as it grew by 11.6% in the first nine months of 2014/2015, said Investment Minister Ashraf Salman.
The statement came during the minister’s speech at a real estate conference held Sunday in Cairo, which was organised by the U.S. Chamber of Commerce.
Salman said the real estate sector accounted for 4.7% of Egypt’s gross domestic product in 2013/2014, and 4.1% in the first nine months of FY14/15.
He also added that investments in the real estate sector represent around 13.7% of total executed investments during the period July, 2014 till March 2015.
