The economic system grew strongly via way of means of 5.3% in 2018, up from annual GDP boom fees of 4.2% in 2017, 4.3% in 2016, 4.4% in 2015, and 2.9% in 2014, in line with the International Monetary Fund (IMF). It changed into the best boom since 2008, a way to study tourism activity. The economic system is anticipated to grow bigger via means of 5.5% this 12 months and via way of means of every other 6.5% in 2021, primarily based totally on IMF estimates.
But the financial transition is complete of risks. The competence of the Egyptian authorities is low. Grand schemes consisting of the growth of the Suez canal and the circulation of the executive capital out of Cairo had been followed with too little input from rational financial planners.
Yet for all that, different reforms appear probable to enhance the economy, and therefore the assets of the real estate market.