Egypt is set to establish a dedicated company overseeing real estate export and leasing activities, reported state media Al-Ahram. Anticipated to generate between USD 2 billion and USD 3 billion in revenues (EGP 61 billion – EGP 92 billion), this initiative aligns with the government’s overarching plan unveiled in November to entice foreign investors and expatriates by selling real estate units in US dollars. To help bolster investment, the company will offer foreigners residency of up to five years in exchange for their purchase of properties in Egypt in US dollars. The exact details of this program, including eligibility criteria, have not yet been revealed. In tandem with this real esta
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