Orascom Development Egypt’s hotels in the Sinai Peninsula have seen a sharp decline in occupancy rates from 70-80% to just 10-20% amid escalating regional tensions due to the Gaza conflict, Egyptian businessman Samih Sawiris said.

Egypt's real estate market has witnessed significant growth in recent years, driven by urbanization, economic development, and government policies. While this growth has brought economic benefits, it raises concerns about the possibility of a real estate bubble. A real estate bubble can lead to financial instability, economic downturn, and social unrest. To prevent these risks, effective regulatory measures and sustainable development practices are crucial.

Egyptian businessman Naguib Sawiris has affirmed that gold remains a solid investment opportunity alongside real estate, anticipating continued gold price increases due to decreasing supply and rising demand.

Ora Developers is expected to launch two projects in 2024; located in East Cairo on a 175-feddanland plot and in the North Coast on a 128-feddan land, Egyptian billionaire Naguib Sawiris revealed.

Egyptian billionaire Naguib Sawiris is planning to implement a project worth at least $120 million to convert fuel-powered motorcycles and tuk-tuks to electric vehicles (EVs).

Egyptian billionaire Samih Sawiris plans to build a tourist destination similar to Egypt’s El-Gouna in Saudi Arabia, as part of his investment plans in the kingdom this year.