Tabarak Holding for Real Estate chairperson Ali El-Shorbany said that the Investment Law includes several advantages and facilities to encourage investors​ to start business in the country. El-Shorbany told Daily News Egypt that the item of a one-stop shop is very important for any investor and real estate developer to operate. “Further, transfer of profits abroad without restrictions will open the Egyptian market strongly to foreign investors to promote and strengthen the Egyptian economy,” said El-Shorbany. The total value of the real estate sold to foreigners worldwide is estimated at about $200bn. Dowidar assured that the importance of the executive regulation of the Investment Law includes​ items related to luxury housing, besides focusing on social and economic housing.

Source: Daily News Egypt May 15, 2017 06:33 UTC