The positive news has followed another great report from The Telegraph newspaper, which has recently revealed Egypt is leading the global markets in 2012.
Egypt’s tourism sector welcomed its highest number of tourists in 2010 and the news that the same levels of tourists are returning in 2012 has pleased investors.
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.
Foreign investment is set to rise significantly in Egypt this year according to the report and international consumption is likely to pick up when the country’s political situation becomes clearer.
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 festival will be a great start to 2012 for Egypt and is a chance for the Egyptians to celebrate what they have achieved.
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.
Property investors are pleased hotels are back to being full like they were before the revolution and are confident Egypt has a bright future.
The votes will be the first since the uprising that took place back in January, which saw President Hosni Mubarak fall in power after 30 years of autocratic rule.
Businesses like Amer Group are recognising that Egypt is a great place to invest and many businesses are choosing to set up a base in the country.