Egypt’s investment in real estate reached EGP 80.45bn during 2017/18:MEFMA

Daily News Egypt
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The Middle East Facility Management Association (MEFMA), a non-profit association which provides a dedicated platform for facility management professionals, said in a press statement that Egypt’s total investment in the real estate sector reached EGP 80.45bn during 2017/18, up 8% from EGP 55.93bn during 2016/17.

The MEFMA said that this increase opened up more growth prospects, not only in the property industry, but also in the local and regional facility management sectors, added the statement.

Additionally, mixed-use and master-planned communities are considered an area of interest among facility management players. This is due to the segment’s increasing demand for a range of facility management services during their design, hand-over, and operation phases, from cleaning and landscaping, to annual maintenance services, according to MEFMA.

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