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Egypt: Sawiris predicts a real estate market correction

By , based on Hapijournal

Egypt: Sawiris predicts a real estate market correctionInternational Students’ Committee · CC BY-SA 3.0

Egyptian businessman Samih Sawiris believes the country’s real estate market is going through a correction phase and that large developers will be best placed to withstand it. The founder of Orascom Development Holding shared this analysis in an interview reported by Hapijournal.

Egyptian businessman Samih Sawiris, founder of Orascom Development Holding, believes the Egyptian real estate market is going through a correction phase. He predicts that only large property developers will remain active, the Egyptian media outlet Hapijournal reports.

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