Why invest in Egypt?

Why Invest in Egypt?

Invest in Egypt

Mystery and Intrigue, full of history and sun all year round are just a few reasons.

Here are some more...

The Egyptian Government had pursued economical and political reforms that had made Egypt ‘Open For Business’ which had the result of  investors flocking into Egypt from all over the world.

Over the past 2 years the unrest has had a negative effect on investment.

It is widely believed that Egypt is back on track to be the great nation it really is and foreign investment is now on the up again.

You now hear statements from foreign investors such as ‘ now is the time to get on the bus because as soon as the wheels start turning it will be too late!’

No capital gains or inheritance tax in Egypt.

52 weeks a year rental potential.

Those that invested in Egypt a few years ago have seen as good return on their investment. Egypt once again is an emerging market and investors once again will have the opportunity to expect a good capital return on their investment in property and also the rental opportunities are high as Egypt has sun all the year round and the Red Sea is now becoming famous as a winter sun resort.

Egypt is focusing on its tourism to build this industry up again to be biggerand better than before.

Press release February 2007 from the Tourist Office –

Egypt attracts record UK holiday makers in 2006 breaking the one million mark for the first time. Representing an impressive increase of 23.3% on 2005 figures, at the same time the number of nights they stayed also increased. This huge increase is a further indication that Egypt is on course to achieve its aim of welcoming 16 million visitors from around the world by 2014.

Geographical location Egypt is at the juncture of the ancient world continents of Africa, Asia and Europe . The area of Egypt amounts to over 1 million square kilometres. Its population is over 76 million, most of whom live in the cities and villages bordering the banks of the Nile. It is bounded in the north by the Mediterranean sea, in the east by the Red Sea, in the west by Libya and in the south by Sudan.

History Egypt is the cradle of a deep-rooted civilisation whose history goes back 5000 years and over 7000 years of civilisation. It is a museum of history and the melting pot of the greatest civilisations throughout the ages. On its land the Pharonic, Greek, Roman, Christian and Islamic civilisations have flourished.

A holiday in Egypt is full of history, mystery and intrigue.

People Egyptians are naturally very friendly, generous and hospitable people. Some people are very poor. Tipping or Baksheesh is a way of life in Egypt and predominently used to give those less fortunate than yourself and who have given you an excellent service a reward. Please note this does not have to be pounds and should reflect the service you have received.

Toursim Egypt has a wide variety of activities to offer everyone. As well as having one third of the ancient heritage of mankind, the religious sites are frequented by thousands of the followers of the three holy religions there are Jewish synagogues, Christian monuments, monasteries and Islamic monuments, mosques and citadels. Safari and adventure holidays are available around the Oases of the Western desert and the Sinai desert. Bird watching is popular especially during the migrating season. By virtue of its natural dry warm weather and many sulphurous and mineral springs, black sands of special therapeutic qualities especially in Safaga on the Red Sea therapeutic tourism is on the increase. The Northern coast has the Mediterranean appeal and this coastline combined with the Red Sea gives Egypt over 2000 kilometres of beautiful beaches and coastline. Diving and all types of water sports are readily available.

Accessibility Easily accessible from most of the UK airports flight time 4 and a half to 5 hours. Good roads infrastructure, trains and of course boats and ferries make travelling around Egypt easy.

Sharm El Sheikh is on the Red Sea

Sharm El Sheikh is on the Sinai Peninsula and has only been established in the past 15 years and is predominantly a modern tourist town and from here you can easily reach St Catherine's, Jordan and Petra. Both have international hospitals, very prestigious hotels, international airports, shopping malls and a wide variety of restaurants. They are both on the Red Sea and the coral reefs are superb in both areas along with a magnificent coast line, clear blue seas and sandy beaches. People from all over Europe are now choosing these coastal towns to buy their holiday homes in the sun. Complete with fitted kitchen, wardrobes and air conditioning.

Luxor has arrived

Luxor has 1/6th of the world's ancient heritage and is where Thomas Cook started his tourism business.

Valley of the Kings and Queens, Tutenkhamun and the Temples of Karnak and Luxor.

The government have many exciting projects planned for Luxor and these will come onto the market within the next 2 years so this is a wonderful opportunity to be there first!!

We feel it is worth adding an extract from an article about the performance of the Egyptian economy during the current world crisis.

Egyptians have justifiably criticized successive governments for economic mismanagement and dependence on superpower patronage. Prime Minister Nazif’s cabinet, however, initially provided much cause for critics to eat their words by streamlining regulations, reducing non-tariff barriers to trade, implementing tax reforms, and deepening the financial sector. In 2007, Egypt cornered 7 percent GDP growth and became the World Bank’s top economic reformer. In the context of the global economic crisis, the Egyptian government has avoided risky levels of counter cyclical spending and introduced a modest $5.4 billion fiscal stimulus package (much of which is to be invested in physical infrastructure). Inflation has fallen, and the economy achieved a 4.3 percent growth rate in the third quarter of FY 2008–2009, respectable in view of the global crisis. Egyptian officials have also reaffirmed their commitment to future reforms including a value-added tax, streamlined subsidies, and a second round of privatization. A powerful business faction allied with Gamal Mubarak, the president’s son and head of the ruling National Democratic Party’s Policies Secretariat, supports Nazif’s reforms.