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Investment in Egypt is a very attractive proposition
today. Not only does the State encourage investment,
the return on investment is also very attractive. Egypt
has a large number of cities in which investment in property
can be made.
Cairo the Capital of Egypt
is the largest city in Africa. It has a population of
more than 15 million people. One fourth of Egypt lives
in Cairo. This historical city is a bustling modern
metropolis today, but retains much of the flavour of the past
in its historic buildings and ancient Christian and Islamic
monuments.
Cairo offers the visitor an incredible variety
of shopping experiences, leisure activities, culture and nightlife.
Spices and carpets; brass and copperware; leatherwork and
glass can be purchased along with the latest electronic gadgets.
You can watch camels amble down the road while cars honk all
around it.
Alexandria is the next largest
city in Egypt. It was founded by Alexander the Great
and is Egypt’s most important port. Alexander
is said to have dreamt of this city as an island set off the
main land. The Pharos lighthouse located on this island
is one of the Seven Wonders of the Ancient world.
Hurghada is a city that was
founded in the twentieth century. It is one of the foremost
tourist resorts of the Red Sea and the international centre
for aquatic sports. The city is distinguished for its
underwater gardens and famous divers. It is known as
the party town among the Europeans. It is a city under
development and hence offers a lot of potential for investors.
There are a number of islands close to Hurghada which offer
all kinds of fun and excitement.
Luxor has been called the
world’s greatest open air museum. The number of
monuments that dot the city has no parallel elsewhere in the
world. Luxor consists of three different areas—the
city of Luxor, the town of Karnak and Thebes. It is
a tourist destination. Luxor is well equipped to accommodate
tourists.
A number of hotels and tour services are available
there. About 150,000 people live in Luxor and it is
governed by special statutes that give it political autonomy.
Most Government buildings confirm to the ancient building
code. Modernization of the city occurred only after
Howard Carter discovered the Tomb of Tutankhamun.
The next great destination for investors would
be the Sharm el-Sheikh. This is one of the most developed
tourist resort communities on the Sinai Peninsula. Bedouins
with their colourful tents, mountains and seas surround this
city.
Small intimate modern hotels or large hotel
complexes of international chains dot the landscape and facilitate
the tourist. A number of nightclubs, shopping malls
and discos service the visitors to the city. Snorkelling,
wind surfing, diving and other water sports provide activity.
Cliff that border the city offer excellent views of the port.
The beaches with the latest amenities are attractive.
The city of Aswan is the
sunniest southern city. It is an ancient frontier town
that is found about a few miles south of Luxor. The
atmosphere is distinctly African. It is most gracefully
set on the banks of the Nile and is small enough to walk through.
The sail boats that are visible in the horizon make the whole
place scenic.
Nile is at its most beautiful as it flows
past this city. It assumes a dark deep blue as it passes
over the amber desert and granite rocks and emerald islands
covered with beautiful swaying palms. The colour, the
spices, the smells and the wares all make the whole place
memorable.
All along the banks of Nile one would find
a number of smaller cities, towns and villages which are under
development. Tourists would find something to attract
them in any of these spots. Investors would find Egypt
a potential ground for investment.
basic
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Overview
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Typical
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Property Buying Process |
Egypt
Real Estate Investment Potential |
Egypt
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