More than 12 million tourists are expected to visit Egypt by the end of 2012, a 23 percent rise on the previous year. The rise in tourists is good news for the country’s economy and has spread optimism across Egypt.
Rivermead Global has professional experience in delivering furniture packs to large developments in Egypt and is known in the industry for its hands-on approach as well as attention to detail.
The Daily Telegraph reported last year that most buyers want to use their overseas property themselves as a holiday home, for inheritance purposes, or for retirement reasons.
Tourists are interested in seeing the effects of the revolution and tour companies are now incorporating the recent events into their schedules.
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.
Let me tell you furnishing a property in Egypt is far from easy, they don’t have an Argos, a B&Q or a Yellow Pages where you can buy the items you need or find a Plumber/Electrician/Carpenter.
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.
Egypt has gained plenty of positive news recently, reporting that the country’s economy has grown 1.8 percent in the year to June 2011.
Egyptian Resorts have revealed they have spent 1.2 billion pounds on infrastructure work so far and plan to spend a further six billion pounds to upgrade infrastructure
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.
CIVETS is a fund that invests in Columbia, Indonesia, Vietnam, Egypt, Turkey and South Africa. The countries have been predicted to have the best economies and are the favourite places to invest.
As the Egyptian tourism market returns to normal, The Independent newspaper has reported that it is the resort of Hurghada that is emerging in place of the previously popular Sharm el-Sheik.
Sunset Pearl (Sahl Hasheesh) is an amazing development where the stars are already buying, including football professionals and England internationals – Invest in Sunset Pearl whilst you still can.