Profile Knight FrankKnight Frank has entered the Egyptian market, as the global consultancy seeks to establish a presence in the country’s booming real estate sector. “With a population exceeding 109 million, and the country’s impressive portfolio of approximately 2 billion square feet of active real estate, Egypt stands as an alluring prospect that beckons us. According to in-house research from Knight Frank, the Egypt real estate market currently contributes approximately 16% to the nation's GDP and is poised for further growth. Cairo’s real estate landscape alone is worth real estate investments of over $20 billion per year, with $16 billion dedicated to the residential sector, attesting to heightened demand for housing. The US, UK, Germany, and France are among other major investors in Egypt, with Knight Frank well represented in those countries as well.

Source: The North Africa Journal August 18, 2023 16:33 UTC