Attracting foreign investment to Egypt is undoubtedly one of the top priorities of the accelerated economic reforms. The government has made great strides in attracting investment. The following observations were made on this matter:
· The Government is working to encourage private investment as a key driver of economic growth, job creation, and poverty reduction. One of the major national projects in which the department has been involved in the development of the area around the Suez Canal. It has also established several new cities such as Hurghada, the new administrative capital, Ain Sukhna, the North Coast, the Fifth Settlement, and Mostaqbal City, making now a good time to invest in Egyptian real estate.
there is a very good opportunity for investment in egypt in north coast for example in fouka bay north coast
For more information on investment opportunities in Egyptian real estate in 2023, please visit our website La Costa Real Estate
· Egypt has a successful energy sector, notably the "Benban" project in Aswan, a dedicated solar power project in which a group of international financial institutions is investing.
· To improve the investment climate and make the country more attractive to investors, the idea is to set up branches of the Investor Service Centres throughout the Republic, removing the obstacles they face in their work and eliminating bureaucracy.
· The implementation of social protection plans and programs linked to the reform program, which improved Egypt's credit rating and confirmed the stability of the economy's prospects, increased investors' and international organizations' confidence in the economic reform program, due to the seriousness of the procedures followed and the improvement of macroeconomic indicators the seriousness of the procedures followed and the improvement in macroeconomic indicators have increased confidence in the program. High growth rates and an increase in the number of jobs, thanks to the increased flow of domestic and foreign investment.
· The development of tax and customs procedures within a stable and sustainable tax framework, ensuring standardized treatment at all ports, together with the 'governance' of these procedures, modernizing the tax system and resolving thousands of tax disputes.
· The "automation of financial payments" system is given the plan to achieve financial inclusion, reduce the cost of cash transactions and mechanize the electronic collection of financial transactions.
The Best Countries Invest In Egypt
The UAE is the highest foreign investment flow in Egypt in 2019/2020. which explains the growth rate achieved by Egypt in terms of foreign investments is 26.4%, reaching $15.8 bn in 2020/2019.
The United Kingdom ranked first in terms of its inflows, reaching $4.8bn, making it the country with the highest impact of FDI on Egypt in the world in 2019/2020, followed by Belgium, the United States, the Netherlands, Qatar, Italy, Saudi Arabia, and Kuwait, respectively.
Egypt's new policies and changes in investment strategies have made it one of the best destinations for a successful investment. Many real estate projects are designed to meet the needs of investors, such as the North Coast, the Fifth Settlement, and Mostakbal City….
Find more about the real estate investment opportunity in Egypt by 2023 on our website La Costa Real Estate
