Knight Frank MENA: Middle Eastern investors spark $120bln surge in Egypt’s dynamic real estate market

Knight Frank MENA: Middle Eastern investors spark $120bln surge in Egypt’s dynamic real estate market

Cairo: Knight Frank MENA, a leading global real estate consultancy, is excited to unveil the Africa Horizons 2023/24 Report, a comprehensive analysis showcasing Africa's remarkable post-pandemic recovery. With a keen focus on Egypt, this report reveals a renewed surge in global interest in the continent, underscored by substantial investment commitments from major global powers including the US, UK, South Korea, UAE, Saudi Arabia, Turkey, and China.

Amidst the post-pandemic landscape, a revitalized global interest in Africa has emerged, underscored by significant investment commitments from major players. The UK's US$ 2 billion commitment to sustainable projects spanning the continent, alongside engagements from other global powers, highlights the renewed allure of key hub cities such as Lagos, Nairobi, Cairo, Johannesburg, and Accra.

The report spotlights Egypt's real estate market, particularly Cairo, as an outstanding prospect for investment. Recently added to Knight Frank's Africa network, Egypt's market shines as North Africa's rising star. Middle East Sovereign Wealth Funds have articulated plans to infuse up to US$ 120 billion into the country, indicating their strong confidence in Egypt's market growth.

Zeinab Adel, Partner - Head of Egypt Office expresses her excitement, saying: “It is with great pleasure that we unveil the incorporation of Egypt into our Middle