$40 billion is the volume of Sudanese real estate investments in Egypt

Real estate expert, Engineer Mohamed Salah, revealed an increase in the size of Sudanese real estate investments in Egypt, approximately exceed $40 billion, equivalent to the sales of real estate companies under construction and ready-made real estate units, including residential, commercial and industrial units. He stressed that the numbers are constantly increasing. He stated that the Egyptian real estate market has been developing and expanding significantly for years in line with the general orientation of the state, starting with work on the construction of the new administrative capital, expanding infrastructure, cities, blueprints and complexes to accommodate largest category of beneficiaries and real estate developers by granting incentives to investors in this sector to encourage them to inject more capital while working to export real estate abroad, which contributes to facilitating foreign ownership of real estate and even obtaining Egyptian citizenship.

Mohamed Salah said, in a statement to (Sudanese Echoes) that the entry of Sudanese to invest in the Egyptian real estate sector did not begin with the outbreak of the war on April 15, 2023, but rather preceded it by years, for several reasons that made the Sudanese investor and citizen head towards investing in the Egyptian real estate sector, which is one of the strongest global markets in the region. Also, investing in real estate in Egypt is very profitable and has rental returns that most Sudanese prefer, especially after most Sudanese investors transferred their businesses to the Arab Republic of Egypt and their families settled on the educational ladder and relied on stability and obtained real estate and investment residencies. The geographical proximity to Egypt also plays an important role, in addition to the cultural, social and economic reasons that link the two countries.