Billions of $ worth of investments in Egypt by 2010
Although known for its ancient civilizations and monuments, Egypt has a cosmopolitan feel that promotes itself as a modern and cultural society. Enchanted history is symbolized by the Pyramids, Sphinxes and Nile river. As a result, tourism is a large factor in the country’s revenue with over 11% GDP deriving from this sector.
Egypt is regarded as an important political centre of the Middle East, largely due to its strategic location. It is a gateway to Africa and the Middle East, bordered by the Mediterranean Sea to the north, Israel and the Red Sea to the east, Sudan to the south and Libya to the west. Investment programs encouraged by the government are being set up to create more resorts in prime coastal positions which will furnish the markets soaring demand for quality accommodation. Its ancient heritage fused with this modern day, forward-thinking nation and annual hot/dry climate makes Egypt the perfect spot to buy a summer home or even an investment property.
