Abdallah Sallam, the CEO of Madinat Masr, highlighted that Egypt’s real estate market is fine, despite the economic challenges that the global economy is facing. He stressed that the real estate sector is the engine of the Egyptian economy in every sense of the word. Sallam said: “I do not care about the dollar price, but what matters is stability because it greatly affects the real estate market. El Hini added that real estate development should be treated in the future as tourism development. Additionally, there is a demand for real estate located near the sea.

Source: Daily News Egypt December 03, 2023 19:14 UTC