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Real Estate Briefing - Categorized | Emerging Trends, Investment more

Egypt’s real estate sector down, not out

Posted on 19 May 2011

There seem to be plenty of good reasons to avoid Egypt’s battered real estate sector, yet some investors are tiptoeing back into stocks seen as less exposed to legal probes of questionable state land sales.
The industry, a motor of Egypt’s decade-long investment boom, was undermined by crony capitalism. Now it is bearing the brunt of widening corruption probes after a popular uprising swept President Hosni Mubarak from power in February……………………………………….Full Article: Source


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