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FinancialNews
27-03-19
Egypt agrees on housing investment mechanism
(MENAFN) Egypt was announced to have set a new process for financing housing units with an aim to help strengthen the field of property investment.
Newly sketched procedures were agreed upon by the Egyptian government, the Central Bank of Egypt (CBE) and real estate developers.
Prime Minister Mostafa Madbouli highlighted the importance of real estate investment for the sector, saying that the government understanding its significance to the economy.
Madbouli further revealed efforts to implement the new real estate funding procedure in order to boost investments for real estate.
MENAFN2703201900450000ID1098305431
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