Egypt has enjoyed a tourism increase of 32 percent in the first quarter of 2012 showing signs that the country has bounced back from the revolution in 2011.
The positive news has followed another great report from The Telegraph newspaper, which has recently revealed Egypt is leading the global markets in 2012.
News agency Reuters has revealed this week that investors see Africa as the most attractive place to invest over the next ten years. According to the report, one in three are expected to put at least five percent of their portfolios into Africa by 2016.
Once the elections are over and disputes in Cairo settle, property prices in Egypt are expected to rise again. Property experts have highlighted that if an individual is thinking of buying a property in Egypt, now is the best time to buy.
The Egyptian Minister of Tourism Mounir Fakhry Abdel-Nour has announced tourists have brought in $9.5 billion in revenue this year and the festive season is expected to bring more tourists who want to celebrate Christmas and New Year in a warmer climate.
Since the revolution Cairo hotel occupancies are fairly low compared to the Red Sea resorts such as Hurghada and Sahl Hasheesh, which have been up over 70 percent since August.
Investors are looking at the long term rather than short term in Egypt and are seeing a great opportunity to invest in a country that will soon have a strong and stable economy.
Property investors are pleased hotels are back to being full like they were before the revolution and are confident Egypt has a bright future.
Tourists are interested in seeing the effects of the revolution and tour companies are now incorporating the recent events into their schedules.
The Al Futtaim Group owns the rights to Marks and Spencer in the Middle East and the store is expected to generate substantial sales and be a huge success.
Italcementi Group is to introduce a new wind energy project in the Red Sea area and is expected to invest 140 million euros into the venture.
The increase of interest is set to encourage other investors, particularly property buyers who are recognising Egypt as a good place to invest in properties.