Reuters reports that the Egyptian economy is showing signs of stabilization and rebound following the political turmoil that led to the ouster of former president Hosni Mubarak. A recent court ruling ended a dispute surrounding state land purchased by Talaat Moustafa Group thus brining some confidence back into the real estate development sector.

SODIC, a property developer, says it plans to step up investment this year and the Ministry of Housing is hoping to kick-start activity by selling 8,000 plots of land around Cairo to Egyptians living abroad.

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http://www.reuters.com/article/2012/02/29/us-egypt-economy-idUSTRE81S12T20120229

Last Updated on March 2, 2012 by Ramin Seddiq