The drop of the Egyptian pound in November 2016, resulted in a major slowdown of the real estate market. Walid Salah-Ahmed, who is a real estate developer himself, sounded the alarm in February 2017. He spoke of a ‘crash’. Real estate development, is providing 10% of Egypt’s annual GDP growth. Because of its significant value to the GDP growth, Egypt’s already struggling economy could be in trouble.
On 11 Apr 2018Read More