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| World Bank Supports Egypt Real Estate Developments | | 30 Jul 2010 | | The World Bank gives a positive thumbs up to the Egyptian Real estate industry declaring support for 18 real estate developments throughout the region totalling $3,209 billion dollars , the World bank also went further stating that Egypt was a safe investment and qualified for such a high level of support. The projects would include Cairo international airport with the loan to support increase in capacity.
This message is being seen as very positive as Egypt’s as ridden the recent world’s financial storm very positively and is looking for foreign investment and partners hip in particular tourism.
These projects are additional to other mega projects under way which include Hurghada airport expansion.
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