Currencies:
RUB/USD 0,0112
0,0001
BRL/USD 0,1853
0,0003
INR/USD 0,1197
0,0000
CNY/USD 0,1366
0,0001
ZAR/USD 0,5442
0,0012
Weather:
Moscow 22 °C
Brazilia 15 °C
New Delhi 38 °C
Beijing 31 °C
Pretoria 10 °C
Cairo 30 °C
Tehran 26 °C
Abu Dhabi 32 °C
Menu
22 °C
Moscow
15 °C
Brazilia
15 °C
New Delhi
31 °C
Beijing
10 °C
Pretoria
30 °C
Cairo
26 °C
Tehran
32 °C
Abu Dhabi
RUB/USD
0,0112
0,0001
BRL/USD
0,1853
0,0003
INR/USD
0,1197
0,0000
CNY/USD
0,1366
0,0001
ZAR/USD
0,5442
0,0012
TV BRICS Apps
Home
News
Videos
Podcasts
Menu
Иконка с часами 14 minutes 2 sec.
Ambassador of Ethiopia to Russia Uriat Cham Ugala/ “Joining BRICS is a growth opportunity for Ethiopia”
Иконка с часами 20 minutes 11 sec.
Douw Vermaak/ «Relations between Russia and South Africa are getting stronger»
Иконка с часами 8 minutes 22 sec.
Anthony Phiri, Harare Institute of Technology/"The world needs to work together to reduce greenhouse gas emissions"
11.06.2416:45 Society
TV BRICS and Moscow to join forces to promote image of Russian capital as international centre of creative industries
11.06.2409:05 Society
India's largest television network TV9 and TV BRICS to jointly promote united BRICS agenda
07.06.2412:56 Sport
TV BRICS International Media Network and Hero League join forces to develop mass sports in Russia and BRICS countries
Egypt
25.05.24 15:35
Economics

Egyptian authorities plan to increase exports of real estate assets

They intend to increase foreign exchange reserves in this way


Egypt's real estate assets, including both public and private sector projects, are valued at US$200 billion and are suitable for export sales. This was stated by Assistant Minister of Housing for Technical Affairs, Abdelkhalek Ibrahim.

According to the official, the national government is launching a property export initiative from 2022. It will help revitalise the local market and increase foreign exchange reserves through property sales.

Ibrahim mentioned that activities in this field generated revenue of around 20 per cent of Egypt's GDP in 2023. This is reported by Daily News Egypt, a partner of TV BRICS.

In line with the country's President Abdel Fattah Al-Sisi's directives, the government has made urban development a development priority. Over the past decade, the state has initiated the construction of more than 2 million housing units in Egypt, complementing the efforts of the private sector.

Photo: iStock
Short
and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data

MORE ON THE TOPIC

14.06.2410:30 Economics
UAE banks mark the highest investment rate in history
13.06.2415:35 Economics
Lula da Silva: We are on track to become eighth largest economy in the world
13.06.2412:26 Economics
Saudi Arabia invests in number of Brazilian industries
13.06.2411:18 Economics
India exports pineapples of the highest quality by sea to the UAE
12.06.2418:31 Economics
Iran's energy minister inaugurates large wind farm capable of producing 50 megawatts of electricity
12.06.2410:30 Economics
Egypt's annual inflation rate to fall to 28.1%
Short
and to the point
Once a week we will cover news in the BRICS countries
By clicking on the "Subscribe" button, you agree to the processing of personal data