As Egypt becomes a center commercial hub for Africa and with foreign investment increasingly on the rise during the last couple of years, it is only natural that we can starting to experience the revival of the residential market as well. On the back of foreign investment into the commercial and industrial sectors, expatriates coming into the country for short periods utilize residential as
well as in some cases hospitality services. For the residential front, it means looking for readily available and move-in ready residential apartments with short-term leasing contracts. This leads to demand for ready to deliver and fully finished as well as furnished apartments that can be utilized for short-term leasing to expats, which would mobilize our secondary residential market
this year.