In a bid to bolster foreign currency reserves, Egypt is contemplating a collaborative initiative with the private sector to sell real estate units in US dollars to foreigners and expatriates, as per a statement released by the Cabinet on Thursday. Prime Minister Mostafa Madbouly chaired an extensive meeting with top finance and housing officials to delve into this proposed real estate initiative. The potential benefits, including the initiative’s capacity to fortify the Egyptian Exchange’s performance and invigorate domestic real estate demand, were among the key points discussed during the session. An agreement on the initiative’s terms was drafted, aiming to echo previous endeavors underta
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