Economist Mokhtar Al-Sharif said that the supply of residential units is still less than the demand in the Egyptian market. He pointed out that there are 750,000 young men getting married annually who need housing units. He pointed out that there are 1.2 million unlicensed real estate properties in cities, which will cause a problem that has to be dealt with immediately and rapidly. He added that the administrative corruption is caused by legislation and laws, especially since laws include exceptions in some of its items. Sultan stressed on the importance of the availability of comprehensive data and information to serve the investment in its various fields in order to serve the national economy base.

Source: Daily News Egypt March 19, 2017 15:00 UTC