Amidst the current political stability in Egypt after 4 years of calamities, a number of real estate and tourism experts expected the Egyptian market to brisk due to the Khaliji properties and tourism investments.
The Tourism Minsitry in Egypt has been undertaking massive efforts on regional and international scale to encourage the direct investments in Egyptian tourism sector.
Hosny Reda, Egyptian businessman, said to Al Arabiya news website, that more Khaliji investors are expected to flock to Egypt in the coming period, especially after Egyptian parliamentary elections and the convention of Support Egypt Conference in March.
In order to attract more tourists, the Egyptian ministry has approved a number of regulations to facilitate Khalijis visits to Egypt including the ability to bring the car without any prior procedures, in addition to the right freehold properties and invest without any restrictions.
It’s worth mentioning that the number of Khaliji tourists in Egypt hiked in 2014 compared with 2013. Real estate experts predicted the rise of Egyptian properties market by 25% during the first half of 2015, and by 35% during the second half of the same year.