🇪🇬 Contact Hany and more information on the Egyptian CBI: thewanderinginvestor.com/services/residency-and-citizenship-by-investment/citizenship-by-investment-in-egypt/ 🇪🇬 Contact Mohamed the private developer in the middle: mohamed@thewanderinginvestor.com 🇪🇬 Contact Hany to invest in Egyptian real estate: thewanderinginvestor.com/services/international-real-estate-services/real-estate-agent-in-cairo-egypt/ 🇪🇬 Full analysis of the real estate investment market in Cairo: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-cairo-egypt-a-contrarian-play/
Would it be better to go for a purchase with an installment plan over many years (the monthly payment is fixed in Egyptian pound) or buy later with cash after the devaluation of the Egyptian pound! Or maybe it evens out in the end and there will be no big difference!
You seem that you are an avid real estate traveler, you could the difference between a property in Panama and a property in Egypt. Or even in Mexico where you can buy good investment in get your money worth the risk. Egyptian markets are know of speculation for it uncertain economic stability
Thank you so much for the great video. It's unfortunate that litter is widespread in the streets, reflecting a societal issue. If people were more committed to change and taking care of their country, Egypt could potentially become one of the best nations.
In Egypt a lot of immigrants from Syria and Palestine, watch France, its the same, problem that in Europe all know who is immigrant and in Egypt they look like egyptian, thats why all think that egyptian not care of country, normally we tired, we tired to fight with tgem, tgey have their areas full of rubbish and rats, goverment left them such
True but we need to keep in mind that corruption comes when the government puts their nose in every single thing Keeping space for private sectors is the only key to stop corruption
Well done! Again, unbiased and actionable information. Egypt sound like an “after Türkiye” investment location. Not a place to “cut one’s teeth” geo arbitrage wise. Keep ‘em coming!
Has any non-Muslim government built a Mosque for Muslims? No, they close them and they ban Islamic attire. Building a place of polytheism to be uttered for the christians is not allowed.
Lol new cairo is a whole different city frok the new administrative capital...new cairo city is being built since the yr 2000 and it's populated by millions now 😂..no need for yr investment
@@Ruheschrei YES YOU ARE RIGHT IT'S ONLY FOR THE RICH PEOPLE, that's how dubai started to Polarize rich European and Americans to their country before the oil invention. And I'm happy to see this on my country because all gulf and euro people will put so much investment inside egypt
Hi there as a foreigner who’s been living in Egypt for over 10yrs open rubbish is something Egyptian love it’s like their personal friend. They seem to have an obsession with being dirty, I don’t say this with pride or to humiliate but as fact It’s something they need to educate their ppl on the flies and vermin is terrible
Imagine the irony that Modern Egypt when it was a kingdom of Egypt in the first half of the 20th century, it was very clean and civilized until the military coup in 1952 !! When all things turned into bad in the last 70 years, unfortunately 😔
Man you need to vist new Alemain city in the North coast it will blow your mind plus they do have really great projects aswell you can ask Hani to tell you exactly wich projects are the best and you can choose if you want to live in a skyscraper or a premium villa on the beach or a middle class project
@@TheWanderingInvestor well the best season is from June to August and make sure to grab your sunscreen lotion and your sunglasses because it's really sunny out here and i hope you will enjoy your stay next time you vist
@@TheWanderingInvestor buy the way you should check Ras el hekma city project as well its a 22 billion USD investment project totally funded by the UAE to creat this huge city in the next 5 years on the North Coast ill send you a link the master plan
Very interesting projects. I am very impress, the infrastructure, the new buildings, the different kind of apartments or Houses. I like that the church and that the mosque are close to each other. The project has a vision 👍😀
Mediterranean Ave Interstate highway Began In Casablanca Morocco And End At Port Said Egypt ! A train rail route is in the middle ! So the capital is complete !
I would look at the youtube video of what tourists think of Egypt today before thinking to buy into Egypt, furthermore i think there is a big question that Egypt can afford to continue buying into this project, there is massive waste being built, Big idea ... probably too big.
Lad, thanks for the video! I appreciate your honesty as we can see the developer was somewhat uncomfortable when you mentioned the $300k opportunity perhaps not with his project, lol ..
You should read the full article as I address the black market rate and the imminent devaluation. Inflation is not necessarily bad for real estate as people pile into it for protection. We saw it in Turkey. Generally good for capital gains if the inflation does not last too long, but invariably bad for rental yields as you are locked in with tenants.
@@TheWanderingInvestor Would it be better to go for a purchase with an installment plan over many years (the monthly payment is fixed in Egyptian pound) or buy later with cash after the devaluation of the Egyptian pound! Or maybe it evens out in the end and there will be no big difference!
I hope construction has been completed from the Chinese developers side of things. I heard they’re all in turmoil, having a real estate crisis right now. Thought great to see things going along smoothly for New Cairo.
The government was in the middle of cairo last year and what happened?! Cairo is a hell hole now and over populated, people build on fertile land and Egypt losses billions on traffic jammes... It's a great thing they moved the government. And if the poor people rose the new capital will not stop them. You are just living in the old centuries... The new capital is in the back of new cairo and all that still in next to old cairo They didn't build it in sinai or at the red sea away from the population.. Or even at the north coast...
As an Egyptian citizen, I am very happy with the giant project being created on my country’s land... for many reasons... 1- Egypt did not borrow a single pound for the project and it was built from the price of selling the land in the project to real estate developers and investors, including Forbes. The global project that will build a building bearing its name in the capital will cost $1 billion... 2- This project has created literally millions of jobs... 3- We needed modern government institutions with advanced technology capable of providing services better. 4- The old capital is very crowded and its facilities have been damaged due to crowding. We are increasing and need to create more housing so that the prices of the old do not increase... 5- The first phase was sold completely and the capital company made profits and paid taxes 6- The Egyptian economy is achieving continuous growth even during the Corona period.. 7- Inflation occurred throughout the world as a result of Corona and the Russian-Ukrainian war It has nothing to do with the new capital, which is a very successful project.
"Egypt did not borrow..."? Are you demented or getting paid to spread bullshit? The only country more indebted than Egypt is Argentina. If we had invested this money into improving existing infrastructure rather than sweeping it under the rug and building a new city, we wouldn't be in this mess. Nobody can even afford to move there, a 900 square foot apartment for the equivalent of $80k USD in the Third World is a joke. It's just a facade to put up the appearance of luxury for the few who can afford it, i.e the security apparatus. Or maybe someone like the person who posted this video, who's just an investor, and not one of the 20 million people this was supposedly built for to relieve congestion in Cairo. This whole project is a joke. Mubarak built New Cairo to replace Cairo as well.
Tell me, why do you guys need a bigger military headquarters than the US military? Are you proud of how opulent the presidential palace is? Wouldn't you prefer if both had been scaled back to free up resources for concurrent improvements to Cairo?
Liar this account probably works for the military. Egypt's dept has quadrupled since the military overthrew the government and this capital has drained all Egypt's resources and dept money.
The elevated tracks near the cathedral are part of the light rail. The monorail is a different system. I have an apartment in the adjoining Celia compound. Sisi has made some great decisions including the New Capital.
I'm Egyptian and I'm telling you that houses are much more beautiful inside Nobody cares about what outside there houses (they have no control on what going on outside maybe some mf come and ruin whatever have done) unfortunately this makes Egypt looks horrible
This city in egypt is one of the best ways to protect your fortune against the world inflation and madness right after gold plates and stock of chinese companies
This where Egypt government is going wrong ! The New Egypt Is NEW ALEXANDRIA a 500 mile capital city that spans west of Salloum Egypt to Alexandria Egypt !
I know we're just talking about Cairo here, but the whole of Egypt presents vast empty space. The expanse alone is more than enough to look into. Also plenty of lower-class, working class people need housing.
That 300K is gone (that would be my bet)But you get a Plan B Citizenship, a good retirement spot (maybe) and an option’s opportunity for the kids. I’m interested!
@@leopercipied2741 I am Egyptian and live in New Cairo a compound similar to the one in the video. I agree with you, it's good as a plan B and the life here is perfect. You get a great weather and if you manage to get the citizenship that would be a fabulous thing. I personally didn't know you can get Egyptian citizenship this way. Getting the Egyptian citizenship is new because the goverment needs USDs and this may change in the future.
I assume getting from Cairo airport to New administrative capital takes a long time and is kind of a hassle. Any idea if the new airport in the New Capital will start operating?
I would not worry about the new airport operating. If Sisi lives next to the airport then it is a matter of a very short time before it starts operating.
Would it be better to go for a purchase with an installment plan over many years (the monthly payment is fixed in Egyptian pound) or buy later with cash after the devaluation of the Egyptian pound! Or maybe it evens out in the end and there will be no big difference!
I see you invest with your hardcash money in Egypt converted in EGP and what happened in a few years if you want out from Egypt and bring your money back in the US or Europe? 😅
It is not one project. I would say that it is multiple projects making up one big project. The government has been delivering on its promises in the development of the infrastructure. But it is up to each developer to complete their own individual projects. So, you might have a district where some projects are ahead of time, some are just on time, and some where it is delayed or possibly never completed.
Do you plan to do any video for Venezuela investment (Isla De Margarita)? I believe it is hidden gem but I want to know the risks for political instability
Who can think about investing in an unstable region facing wars and economic deterioration?? Egypt is losing almost 50% of income from the Suez Canal, and faces weak leadership as Israel plans to expel 2 million Palestinians to the Sinai desert.
First of all the country is stable and refused Palestinians entering sinai also about the Red Sea and Suez Canal that doesn’t have anything to do with Egypt it only decreases the income of the Suez Canal About the economic issues they are being solved because hundreds of investors are already investing and the rate of financial return here is insane egypt does have tax but compared to uae Egypt is so much better because it’s still developing so the rate of return will be higher and also the cost and prices here is really cheap attracting both investors and tourists
The future is in Saudi Arabia. Therefore, I advise everyone to invest in Saudi Arabia because it is the strongest economy in the Middle East and the projects there are giant, pioneering and creative. Your loved ones from Greece.
huge money is to be made in Egypt not Saudi, Egypt has a bigger market due to better geographical locations like the Mediterranean Sea and Red Sea. Egypt also has a way better weather aswell
Any problems arise with the developer with whom you are buying forget any chance of remediation through the courts. You would end up walking away and writing off the investment. Egypt ranks 135 out of 140 in rule of law index. Better off investing in Somalia!
Exactly. However, if you chose the correct developer, you should not have a problem there. I would say that, regardless of the country, off-plan investing is very risky.
Even egyptian specialists, in all engineering fields, cannot afford to buy an appartement in thie new city. It's a trap for foreigners and if you apply for egypt citizenship it will be worse. Take care.
Nah not true bro Egyptians can afford and thousands of residents have already moved there it’s not Dubai There are lots of residential buildings that are really affordable and the new skyscrapers you see are mostly for international and local companies also banks Because this place is strategic near the ports in the Red Sea which holds more than 12% of the world business
شكرا يامصري، حبك الشديد واضح لبلدك :) بس الاجنبي لا يحتاج لباسبور البرتغال و البرتغال الان وضعها الاقتصادي سئ ، و سرعه ارتفاع قيمة العقار قليلة مقارنة بالعاصمة الادراية، غير انها مركز تجاري ترفيهي.. اما في البرتغال انت هتشتري مجرد عقار عادي فب منطقة عادية. دة سبب ان الاجنبي بيفهم عنك لان تعليمك ضايع و بتحسبها غلط
😅 investors run from egypt btw , even Egyptian investors 😬, egypt government is not looking for investment or discovery or even improvement, looking only for easy money 😉
Not true, over 3000 foreign investors have started investing in Egypt in the last 2 years only and Over 7000 Egyptian companies have started investing Stop spreading lies
@ziyadwael8666 because they use dollars, my friend . Those investors, as i said you are hot money for them, not a stable market . 1 million dollars is 50 million pounds. Who wouldn't take advantage of this ? Im talking about investors seeing egypt as a stable and successful, worthy, trusted market, but we dont have this , even the country it self and the government sell the country or borrow to get money because they dont have any good projects or investments, no exporting 🤷🏻♂️
It is amazing how you show us what is the benefit of the Administrative Capital at the beginning of the video, and you do not know anything, lol. The Administrative Capital was built not to reduce the population density in Cairo, but rather to be a commercial center and an investment center that has a strong infrastructure like Dubai in the Emirates.. In fact, what made me laugh very, very funny when you pointed out To the bridge at the beginning of the video, man. We have spent more than 400 billion dollars on infrastructure in Egypt over the course of 10 years. We have become number 29 in the global classification for road quality, and this was in 2019, and we were 118th globally in 2014, so you literally know nothing at all, and the house that I mentioned that it is very good. It is considered good. It only needs a few repairs on the outside. Residents often leave the house like this because this aspect of it is of no use to them.
We do not want foreigners to buy real estate in our country lol You initially tell us that this is a city to reduce the population. How will the population density decrease when foreigners live in the new capital? This video is disastrous and very funny
The Egyptian economy is not sustainable it is totally reliant on loans and grants from the western countries and from the oil rich Arabian gulf countries, Egypt has no resources to support their massive population growth, unlike iran,Turkey, brazil or Ethiopia Egypt is just a desert 🌵 country! They have very little precipitation and they rely on the nile as their main source of sweet water and not the Ethiopians have completed 95% of the renaissance dam project which will block the needed water from flowing in to the blue nile which will have a devastating effect on Egypt’s agriculture, the revenues from tourism is dwarfed by dubai’s tourism revenues for instance, the latest investments in tourism had no positives impact on tourism revenues at all.
The only way Egypt could get themselves out of such a debacle economically, because of the UAE being the primary competitor with Egypt for economic supremacy over the Middle East, would be by conquest... The UAE is a very young nation, with a fairly new military, while Egypt's military is the strongest in all of Africa... which means an Egyptian Empire! If they are truly to extricate themselves from financial collapse in the future, they need the resources as you mentioned such as oil. If the Egyptians got their hands on the Emirates and other parts of the Middle East they would dominant the region. Eventually they will have to invade or ally with Sudan to take Ethiopia on for supremacy over northeast Africa.
Ethiopia wants electricity from the dam, not water. They did have the fifth filling of the dam with little to no impacts on Egypt. Egypt can be much more than agriculture country.. With cheap labor and great location.. Great tourism destinations and cheap energy..
Many problems with these analyses, frankly. But I understand your m.o. No surprises here. And seriously?! "Value for money I would definitely do it?" (said the Egyptian realtor). Sales pitch much? Somebody teach this guy some 101. And terms you use like "capital gains play" is abhorrent. This country has been teetering on instability after instability, with millions and millions below poverty line. Have some heart and get out of your $ bubble. And what you didn't talk about in your 'analysis' - among many other issues - is what happens when a developer doesn't follow through on their promises (i.e. flats, zoning areas etc aren't exactly how they were presented)? "Investors" can't do shit all.
Yes shame on me because I want to scam foreigners into my country and take all their investments that they worked all their life for. People like you thinks investors found their money in the street or picked from a tree. I have seen the real estate scams by my own eyes in Hurghada and many other cities in Egypt and seen how fragile the system is protecting the peoples investments. I have seen how easy it is a person can sell the same property to several investors and the government is not willing to do any thing about it since they benefit from such chaos in the court of law. I have endless stories of realestate scams. at last, (DO NOT INVEST) it's not a safe environment for any investor nor consumer. @@anubis1243
One of the worst things in Egypt is the mosques when they start calling the Azan to prayer. They usually use very loud speakers at the same time. Really crazy and annoying.
This information is WRONG. If you buy property in Egypt let's say for $100K and within a few years the property goes up in value, within this time period Egypt would of devaluated it's pound a few times. When selling that property in the Future, if you convert the egyptian money to dollars you will find you have now around $90k and depending on the situation you might not even be able to take that 90K out of the country because of the currency crisis which will not resolve itself anytime soon. So to put in $100k as an investment for 5 years and get back 90k is the most stupid investment anyone can do hense why no one has been investing in Egypt for last 8 years. I did it with one property that I bought for 90K 7 years ago now that property is worth 35k. My worse investment ever.
This is a prove you are lying, i wish it's the case as you have said, Egyptian will dance from happiness... But no... As as soon the dollar price goes up.. Properties also goes up.. And even rent. I assume you didn't hear what happened with the new capital developers and how they had to rise the price multiple time because of that. And some even started to sell in dollars.. Even worse they adjust the value of the dollar higher than the market to protect themselves. Guide to an apartment that still sold are the same price whem the dollar was 15 or even 30.. And i will thank you very much Another massive problem rent went really up after Egypt accepted millions of refugees from Sudan
@@engmsh3544 you don't have to be rude and say I am lying first of all. 2nd of all currently I own a property that is now £35k and I bought it for £98k 7 years ago, other properties I had I sold and they were all loses, I no longer invest in Egypt. Your the one who doesn't know what they are talking about, i doubt you've ever travelled or lived abroad and invested in Egypt, and going to work somewhere in the middle East I'm sorry that's no Europe or US to say you have really travelled, lived abroad and invested in Egypt. Buying property in Egypt is only good if you plan to live in it and not care to ever change your money back to the Dollar, Euro or Sterling. Egypts pound is going to get weaker, the Egyptian people are going to struggle even more and all you care about is the dollar going up and the people will be dancing, yhbl, the people are going to be crying. The system management of caring about people investing more than helping it's own people is just disturbing and that's why it will always be a failing state. The worse is still to come and you will remember this message from an intelligent person.
@@engmsh3544 and look what you said... They adjusted the prices to suit future loses with the dollar... Who conducts business like that? That's a cowboy style of business. This shows at any time they can change prices to suit other situations that can occur in the future, (a time of crisis for example,) that can cause an investor to lose profit. What they are doing is not wrong, however you using it to validate what your saying is correct, is what is wrong. As I said before it's clearly failing because people like you clearly have a failing way of thinking.
@@dimples5058I'm Egyptian,i am the kafil of saudi and UAE lol, those tents inhabitants are humans now because of me and my charity that they will always be grateful for me for lol
@@lookwhostaking6700 they are spending money so u can build ur favorite cities lmaoo even ur president said without them we will be gone 😁 respect your masters my friend that’s the situation rn
@@dimples5058 أسياد مين يا شبع بعد جوع ، لا اريد أن أصدمك لكن مصر لديها علم يدرس باسمها وهي الدولة الوحيدة في العالم التي لها علم باسمها يدرس في الجامعات العالمية وهو المصريات وهذا بسبب شدة تأثير مصر ثقافيا وحضاريا ، بينما انتو لم تنشأوا المدارس والجامعات إلا على آخر الزمن فاعرف مقامك كويس
Red Sea is Hurghada, El Gouna, Sharm El Sheikh (Sinai). These cities are great that living there may not be accessbile for most of Egyptians. Whole Egypt is safe btw.
New Cairo was desert 20 years ago, now people are making 700usd pm renting apartments near AUC. New capital will for sure increase in value simply by necessity because of the government moving all the administrative building there. All Egyptians will be forced to visit or move near there.
too many people? no! too much greed! hope this capital gets protested too like it did last dictator, but interestingly they made it far from the people guess. him working under last dictator taught him few things to suppress the people further
What type of dictator stop listening to brotherhood videos and observe the reality The NAC will attract thousands of foreign and local investors Because of its advanced infrastructure, great planning and also using dessert ($0) land and converting it to money and also linking it to ports which will make it a world Buisness headquarter which happened by uae in Dubai Stop capping👌🏻
egypt did have planning especially if you visit down town, garden city, Zamalek and Heliopolis. just that there was lots of corruption and no maintenance so many beautiful buildings were demolished and unplanned slums took their place. Sisi is trying his best to bring back the old egypt and to renew the parts of egypt that havent been demolished.
New Administrative Capital is THE lamest name ever. Why not use Memphis or other excellent Egyptian possibilities? The place NEEDS a name before it can become a destination, for people or investments.
2 to 3 years it will still be empty, this sales guy is delusional. Project delays are rife, economic issues, most ppl cannot afford to buy. If u should invest in cairo, then sheikh zayed is probably the best as its close to all the new musuems and has the new airport for tourism.
Great video. Very informative. If I'm interested in Egyptian citizenship, do I have to purchase $300, 000 USD property one shot or can I do an installment plan?
I like how when you asked about incentives to move to the new city he said yes but didn’t mention any. So how about actually getting your money out once you’ve invested? You can’t take EGP out of the country and you can’t exchange into foreign currency legally
Yes. That’s the biggest risk I mention in the article: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-cairo-egypt-a-contrarian-play/
I love the Nile area in Cairo, unfortunately Cairo is a mess, the pollution rivals that of Delhi. This country could become a regional superpower if they get their act together.
The government didn’t spend a penny on this project it’s a private sector verified by the government Plus they are already fixing Cairo but you can’t do this significantly because there are over 26 million residents So if you want to fix a road or bridge you need to remove many residential buildings so that’s why 26 new 4th generation cities are being built to reduce congestion in all governorates with an advanced infrastructure to attract residents
🇪🇬 Contact Hany and more information on the Egyptian CBI: thewanderinginvestor.com/services/residency-and-citizenship-by-investment/citizenship-by-investment-in-egypt/
🇪🇬 Contact Mohamed the private developer in the middle: mohamed@thewanderinginvestor.com
🇪🇬 Contact Hany to invest in Egyptian real estate: thewanderinginvestor.com/services/international-real-estate-services/real-estate-agent-in-cairo-egypt/
🇪🇬 Full analysis of the real estate investment market in Cairo: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-cairo-egypt-a-contrarian-play/
Would it be better to go for a purchase with an installment plan over many years (the monthly payment is fixed in Egyptian pound) or buy later with cash after the devaluation of the Egyptian pound! Or maybe it evens out in the end and there will be no big difference!
This is fairly expensive compared to other cities around the world with stable political systems and solvent economies
You seem that you are an avid real estate traveler, you could the difference between a property in Panama and a property in Egypt.
Or even in Mexico where you can buy good investment in get your money worth the risk.
Egyptian markets are know of speculation for it uncertain economic stability
@@husseinabd6937 But Mexico is very dangerous.
@@husseinabd6937 How ? Where ? What country has a Real estate cheaper than Egypt?
Thank you so much for the great video. It's unfortunate that litter is widespread in the streets, reflecting a societal issue. If people were more committed to change and taking care of their country, Egypt could potentially become one of the best nations.
In Egypt a lot of immigrants from Syria and Palestine, watch France, its the same, problem that in Europe all know who is immigrant and in Egypt they look like egyptian, thats why all think that egyptian not care of country, normally we tired, we tired to fight with tgem, tgey have their areas full of rubbish and rats, goverment left them such
True but we need to keep in mind that corruption comes when the government puts their nose in every single thing
Keeping space for private sectors is the only key to stop corruption
Great job, Egypt!❤ Future of Middle East - North Africa region is Egypt!
Man, people can't afford food prices in Egypt
@mohammedhammad6412 hhhhhhhhhhh well said. Not only foods people in there so crazy
@@gogo-vj4qw what do you mean that people are so crazy
Egyptians can't afford it
@@arminius6506 more than 50% of Egypt's population are Below the poverty line
Well done! Again, unbiased and actionable information. Egypt sound like an “after Türkiye” investment location. Not a place to “cut one’s teeth” geo arbitrage wise. Keep ‘em coming!
Exactly. After Turkey 😅👍
Has any non-Muslim government built a Mosque for Muslims? No, they close them and they ban Islamic attire. Building a place of polytheism to be uttered for the christians is not allowed.
If you want to ensure you lose every cent: invest in New Cairo!
Keep crying about it
Lol new cairo is a whole different city frok the new administrative capital...new cairo city is being built since the yr 2000 and it's populated by millions now 😂..no need for yr investment
As an egyptioan who lives outside, it's really awosome to see this !❤
😂 get used to see it from the outside.
Its only for the rich, and western rich.
Go egypt!
@@Ruheschrei
YES YOU ARE RIGHT IT'S ONLY FOR THE RICH PEOPLE, that's how dubai started to Polarize rich European and Americans to their country before the oil invention.
And I'm happy to see this on my country because all gulf and euro people will put so much investment inside egypt
@@YousefHurf where do you live?
@@TONI__KROOS i live in ksa and Bahrain kingdom
Hi there as a foreigner who’s been living in Egypt for over 10yrs open rubbish is something Egyptian love it’s like their personal friend. They seem to have an obsession with being dirty, I don’t say this with pride or to humiliate but as fact It’s something they need to educate their ppl on the flies and vermin is terrible
Imagine the irony that Modern Egypt when it was a kingdom of Egypt in the first half of the 20th century, it was very clean and civilized until the military coup in 1952 !! When all things turned into bad in the last 70 years, unfortunately 😔
Man you need to vist new Alemain city in the North coast it will blow your mind plus they do have really great projects aswell you can ask Hani to tell you exactly wich projects are the best and you can choose if you want to live in a skyscraper or a premium villa on the beach or a middle class project
Thank you Tarek. I’m probably going there in April.
@@TheWanderingInvestor well the best season is from June to August and make sure to grab your sunscreen lotion and your sunglasses because it's really sunny out here and i hope you will enjoy your stay next time you vist
@@TheWanderingInvestor buy the way you should check Ras el hekma city project as well its a 22 billion USD investment project totally funded by the UAE to creat this huge city in the next 5 years on the North Coast ill send you a link the master plan
@@TheWanderingInvestor they signed the deal all ready and hopefully they can start soon ua-cam.com/video/m44GSjx8XpQ/v-deo.htmlsi=PVIpng_CjJguzRjX
go in July not April@@TheWanderingInvestor
Very interesting projects. I am very impress, the infrastructure, the new buildings, the different kind of apartments or Houses. I like that the church and that the mosque are close to each other. The project has a vision 👍😀
Thank you, from Egypt
🇪🇬EGYPT the KINGDOM of KINGS...RISE And PROTECTED❤
You're in my mind. Thanks for this vid 😊
Investing realestate in egypt is good
I hope they will also built more cities like this in Africa
Mediterranean Ave Interstate highway Began In Casablanca Morocco And End At Port Said Egypt ! A train rail route is in the middle ! So the capital is complete !
Exactly what Afghanistan needs ! May whole of Egypt develops God willing
I would look at the youtube video of what tourists think of Egypt today before thinking to buy into Egypt, furthermore i think there is a big question that Egypt can afford to continue buying into this project, there is massive waste being built, Big idea ... probably too big.
Lad, thanks for the video! I appreciate your honesty as we can see the developer was somewhat uncomfortable when you mentioned the $300k opportunity perhaps not with his project, lol ..
How will Egypt's strong inflation impact real estate values? Should we expect future devaluations?
You should read the full article as I address the black market rate and the imminent devaluation.
Inflation is not necessarily bad for real estate as people pile into it for protection. We saw it in Turkey.
Generally good for capital gains if the inflation does not last too long, but invariably bad for rental yields as you are locked in with tenants.
@@TheWanderingInvestorthank you for your insightful analysis.
@@TheWanderingInvestor Would it be better to go for a purchase with an installment plan over many years (the monthly payment is fixed in Egyptian pound) or buy later with cash after the devaluation of the Egyptian pound! Or maybe it evens out in the end and there will be no big difference!
so making a new modern city which is car-centric again and not for the human scale. nice egypt nice.
I hope construction has been completed from the Chinese developers side of things. I heard they’re all in turmoil, having a real estate crisis right now. Thought great to see things going along smoothly for New Cairo.
There are some delays for sure generally speaking on the Egyptian side of things, but it’s moving along
$300,000 is a lot of money. I wish there was an easier path to citizenship in Egypt.
Government did great job in terms of protecting themselves from majority living in poverty.
The government was in the middle of cairo last year and what happened?! Cairo is a hell hole now and over populated, people build on fertile land and Egypt losses billions on traffic jammes... It's a great thing they moved the government.
And if the poor people rose the new capital will not stop them. You are just living in the old centuries... The new capital is in the back of new cairo and all that still in next to old cairo
They didn't build it in sinai or at the red sea away from the population.. Or even at the north coast...
As an Egyptian citizen, I am very happy with the giant project being created on my country’s land... for many reasons... 1- Egypt did not borrow a single pound for the project and it was built from the price of selling the land in the project to real estate developers and investors, including Forbes. The global project that will build a building bearing its name in the capital will cost $1 billion... 2- This project has created literally millions of jobs... 3- We needed modern government institutions with advanced technology capable of providing services better. 4- The old capital is very crowded and its facilities have been damaged due to crowding. We are increasing and need to create more housing so that the prices of the old do not increase... 5- The first phase was sold completely and the capital company made profits and paid taxes 6- The Egyptian economy is achieving continuous growth even during the Corona period.. 7- Inflation occurred throughout the world as a result of Corona and the Russian-Ukrainian war It has nothing to do with the new capital, which is a very successful project.
"Egypt did not borrow..."?
Are you demented or getting paid to spread bullshit?
The only country more indebted than Egypt is Argentina. If we had invested this money into improving existing infrastructure rather than sweeping it under the rug and building a new city, we wouldn't be in this mess. Nobody can even afford to move there, a 900 square foot apartment for the equivalent of $80k USD in the Third World is a joke. It's just a facade to put up the appearance of luxury for the few who can afford it, i.e the security apparatus.
Or maybe someone like the person who posted this video, who's just an investor, and not one of the 20 million people this was supposedly built for to relieve congestion in Cairo.
This whole project is a joke. Mubarak built New Cairo to replace Cairo as well.
@@ahlaw1171 Lagna🤣🤣
you souund s like a cc man
Tell me, why do you guys need a bigger military headquarters than the US military?
Are you proud of how opulent the presidential palace is?
Wouldn't you prefer if both had been scaled back to free up resources for concurrent improvements to Cairo?
Liar this account probably works for the military. Egypt's dept has quadrupled since the military overthrew the government and this capital has drained all Egypt's resources and dept money.
The elevated tracks near the cathedral are part of the light rail. The monorail is a different system. I have an apartment in the adjoining Celia compound. Sisi has made some great decisions including the New Capital.
He also bankrupted the country and established a police state.
أمك بتقول حاحا وهي نايمة معايا@@Planet_Xplorer
I'm Egyptian and I'm telling you that houses are much more beautiful inside
Nobody cares about what outside there houses (they have no control on what going on outside maybe some mf come and ruin whatever have done) unfortunately this makes Egypt looks horrible
This city in egypt is one of the best ways to protect your fortune against the world inflation and madness right after gold plates and stock of chinese companies
This where Egypt government is going wrong ! The New Egypt Is NEW ALEXANDRIA a 500 mile capital city that spans west of Salloum Egypt to Alexandria Egypt !
Why wouldn’t you be able to do Airbnb? I’ve seen lots of available apartments on Airbnb with many being rented out in the good places
Very interesting! 👍
It's worth noting the friend of Ladislas is named Hany (with a gutteral H) and not with a nickname by Ladislas ("Honey")!!
I was thinking the same!🤣
I have some work to do 🙂
I know we're just talking about Cairo here, but the whole of Egypt presents vast empty space. The expanse alone is more than enough to look into. Also plenty of lower-class, working class people need housing.
If you build a lot for higher and middle class than the lower class will find a lot of housing opportunities for affordable price
@@TheStatistico thats not how its gonna work.
Great content.
Damn, great video.
Go Green please
Perfect ❤️
After how many years are you allowed to sell your property again with cbi program?
After 5 years. Be aware that the risk of foreign exchange controls and capital controls is always there. It might not be easy to take your money out.
That 300K is gone (that would be my bet)But you get a Plan B Citizenship, a good retirement spot (maybe) and an option’s opportunity for the kids. I’m interested!
@@leopercipied2741 Feel free to reach out to Hany 🙂
@@leopercipied2741 I am Egyptian and live in New Cairo a compound similar to the one in the video. I agree with you, it's good as a plan B and the life here is perfect.
You get a great weather and if you manage to get the citizenship that would be a fabulous thing. I personally didn't know you can get Egyptian citizenship this way. Getting the Egyptian citizenship is new because the goverment needs USDs and this may change in the future.
I assume getting from Cairo airport to New administrative capital takes a long time and is kind of a hassle. Any idea if the new airport in the New Capital will start operating?
I would not worry about the new airport operating. If Sisi lives next to the airport then it is a matter of a very short time before it starts operating.
The existing airport is pretty closeby actually. Not an issue. I couldn’t get a clear timeline on the new airport as it doesn’t seem to be a priority.
There is a new airport in the NAC and also about operating
You can expect it to be fully developed by 2030
Would it be better to go for a purchase with an installment plan over many years (the monthly payment is fixed in Egyptian pound) or buy later with cash after the devaluation of the Egyptian pound! Or maybe it evens out in the end and there will be no big difference!
For citizenship: you have to cash
Pure investment: I’d go with the installment plan to short the Egyptian pound over time
@@TheWanderingInvestor if you short the Egyptian pound, can you rent it out to tenants and have them make your monthly payments for you?
@@IvanAkinfiev yes. You pay over time but have control of the property from day one
شكرا لكم . تحيا مصر ✌️🇵🇸❤️🇪🇬
Nairobi is the same price per sqm
I see you invest with your hardcash money in Egypt converted in EGP and what happened in a few years if you want out from Egypt and bring your money back in the US or Europe? 😅
That’s one of the key risks highlighted in the article. Foreign exchange and capital controls
I wonder what the protection is against an off plan project that isn't completed. Building timeline would also be helpful.
It is not one project. I would say that it is multiple projects making up one big project. The government has been delivering on its promises in the development of the infrastructure. But it is up to each developer to complete their own individual projects. So, you might have a district where some projects are ahead of time, some are just on time, and some where it is delayed or possibly never completed.
I invested there and in the contract it gives them maximum 1 year over the planned handover date in case of exceptional circumstances.
Too car centric
Yep. Will most likely fail cuz of that unless govt forces ppl to move there.
How lol? light train,fast train, monorail and the middleast's biggest bus station lol
@@da7war655right 😂, if they think this is car centric they should see Dubai, KSA or any other gulf country
@@greveeen yucky, the bedouins countries, they were living in tents 40 yrs ago, living in a car centric country for them is the maximum civilisation
Do you plan to do any video for Venezuela investment (Isla De Margarita)? I believe it is hidden gem but I want to know the risks for political instability
Maybe
Who can think about investing in an unstable region facing wars and economic deterioration?? Egypt is losing almost 50% of income from the Suez Canal, and faces weak leadership as Israel plans to expel 2 million Palestinians to the Sinai desert.
Definitely not risk-free
You don't have sense
So why are people investing in isreal? They inhabit the same region 🤔
Israel will not last long
First of all the country is stable and refused Palestinians entering sinai also about the Red Sea and Suez Canal that doesn’t have anything to do with Egypt it only decreases the income of the Suez Canal
About the economic issues they are being solved because hundreds of investors are already investing and the rate of financial return here is insane egypt does have tax but compared to uae Egypt is so much better because it’s still developing so the rate of return will be higher and also the cost and prices here is really cheap attracting both investors and tourists
Overall good step toward new vision.
cash or visa?
Great info thanks
This is great! so can I buy property, rent it out and have someone manage the property for me?
Yes. Don’t expect high rental yields though. Hany can help (contact info in description)
😂😂😂they are all scammers there’s no management company in Egypt
The future is in Saudi Arabia. Therefore, I advise everyone to invest in Saudi Arabia because it is the strongest economy in the Middle East and the projects there are giant, pioneering and creative. Your loved ones from Greece.
huge money is to be made in Egypt not Saudi, Egypt has a bigger market due to better geographical locations like the Mediterranean Sea and Red Sea. Egypt also has a way better weather aswell
Saudi people telling foreigners that saudi is better than Egypt in every video about Egypt is one of the most pathetic things I have seen lol
Lol the country saudi itself is investigating in Egypt to make money loll
Any problems arise with the developer with whom you are buying forget any chance of remediation through the courts. You would end up walking away and writing off the investment. Egypt ranks 135 out of 140 in rule of law index. Better off investing in Somalia!
The courts are slow
Exactly. However, if you chose the correct developer, you should not have a problem there. I would say that, regardless of the country, off-plan investing is very risky.
@@TheWanderingInvestor the courts are baksheesh bureaus.
@@sbadrawi2011a Yes but Egypt is next level. Zero ability to enforce contract law.
Same applies with Turkey
Even egyptian specialists, in all engineering fields, cannot afford to buy an appartement in thie new city. It's a trap for foreigners and if you apply for egypt citizenship it will be worse. Take care.
Nah not true bro Egyptians can afford and thousands of residents have already moved there it’s not Dubai
There are lots of residential buildings that are really affordable and the new skyscrapers you see are mostly for international and local companies also banks
Because this place is strategic near the ports in the Red Sea which holds more than 12% of the world business
300K USD INVESTMENT in PORTUGAL 🇵🇹 leads to citizenship also after 5 year
Which is so much better than the Egyptian citizenship
شكرا يامصري، حبك الشديد واضح لبلدك :) بس الاجنبي لا يحتاج لباسبور البرتغال و البرتغال الان وضعها الاقتصادي سئ ، و سرعه ارتفاع قيمة العقار قليلة مقارنة بالعاصمة الادراية، غير انها مركز تجاري ترفيهي.. اما في البرتغال انت هتشتري مجرد عقار عادي فب منطقة عادية.
دة سبب ان الاجنبي بيفهم عنك لان تعليمك ضايع و بتحسبها غلط
😅 investors run from egypt btw , even Egyptian investors 😬, egypt government is not looking for investment or discovery or even improvement, looking only for easy money 😉
Not true, over 3000 foreign investors have started investing in Egypt in the last 2 years only and
Over 7000 Egyptian companies have started investing
Stop spreading lies
@ziyadwael8666 because they use dollars, my friend . Those investors, as i said you are hot money for them, not a stable market . 1 million dollars is 50 million pounds. Who wouldn't take advantage of this ?
Im talking about investors seeing egypt as a stable and successful, worthy, trusted market, but we dont have this , even the country it self and the government sell the country or borrow to get money because they dont have any good projects or investments, no exporting 🤷🏻♂️
@@islamabdelrahman227 no bro everything is really stable now the government have made sure no more floating of currency
It would be nice if you could find out how to invest in Real estate In Rwanda, Tanzania, Uganda
Iconic towerr ? 😂😂😂😂😂
It is amazing how you show us what is the benefit of the Administrative Capital at the beginning of the video, and you do not know anything, lol. The Administrative Capital was built not to reduce the population density in Cairo, but rather to be a commercial center and an investment center that has a strong infrastructure like Dubai in the Emirates.. In fact, what made me laugh very, very funny when you pointed out To the bridge at the beginning of the video, man. We have spent more than 400 billion dollars on infrastructure in Egypt over the course of 10 years. We have become number 29 in the global classification for road quality, and this was in 2019, and we were 118th globally in 2014, so you literally know nothing at all, and the house that I mentioned that it is very good. It is considered good. It only needs a few repairs on the outside. Residents often leave the house like this because this aspect of it is of no use to them.
Scam don’t fall for this you will not get anything at the end and you will end up losing your money
We do not want foreigners to buy real estate in our country lol You initially tell us that this is a city to reduce the population. How will the population density decrease when foreigners live in the new capital? This video is disastrous and very funny
The Egyptian economy is not sustainable it is totally reliant on loans and grants from the western countries and from the oil rich Arabian gulf countries, Egypt has no resources to support their massive population growth, unlike iran,Turkey, brazil or Ethiopia Egypt is just a desert 🌵 country! They have very little precipitation and they rely on the nile as their main source of sweet water and not the Ethiopians have completed 95% of the renaissance dam project which will block the needed water from flowing in to the blue nile which will have a devastating effect on Egypt’s agriculture, the revenues from tourism is dwarfed by dubai’s tourism revenues for instance, the latest investments in tourism had no positives impact on tourism revenues at all.
The only way Egypt could get themselves out of such a debacle economically, because of the UAE being the primary competitor with Egypt for economic supremacy over the Middle East, would be by conquest... The UAE is a very young nation, with a fairly new military, while Egypt's military is the strongest in all of Africa... which means an Egyptian Empire!
If they are truly to extricate themselves from financial collapse in the future, they need the resources as you mentioned such as oil.
If the Egyptians got their hands on the Emirates and other parts of the Middle East they would dominant the region.
Eventually they will have to invade or ally with Sudan to take Ethiopia on for supremacy over northeast Africa.
Ethiopia wants electricity from the dam, not water. They did have the fifth filling of the dam with little to no impacts on Egypt.
Egypt can be much more than agriculture country.. With cheap labor and great location.. Great tourism destinations and cheap energy..
🇾🇪❤
Many problems with these analyses, frankly. But I understand your m.o. No surprises here. And seriously?! "Value for money I would definitely do it?" (said the Egyptian realtor). Sales pitch much? Somebody teach this guy some 101.
And terms you use like "capital gains play" is abhorrent. This country has been teetering on instability after instability, with millions and millions below poverty line. Have some heart and get out of your $ bubble.
And what you didn't talk about in your 'analysis' - among many other issues - is what happens when a developer doesn't follow through on their promises (i.e. flats, zoning areas etc aren't exactly how they were presented)? "Investors" can't do shit all.
@@mikhaelaa people are up 50% over the past 3 years in USD in the new administrative capital.
And nobody said it’s low risk.
@@TheWanderingInvestor Huh?
Don't invest in Egypt real-estate. It's not safe for the investor nor the consumer.
Shame on you Adam 🙂
Yes shame on me because I want to scam foreigners into my country and take all their investments that they worked all their life for. People like you thinks investors found their money in the street or picked from a tree. I have seen the real estate scams by my own eyes in Hurghada and many other cities in Egypt and seen how fragile the system is protecting the peoples investments. I have seen how easy it is a person can sell the same property to several investors and the government is not willing to do any thing about it since they benefit from such chaos in the court of law. I have endless stories of realestate scams. at last, (DO NOT INVEST) it's not a safe environment for any investor nor consumer.
@@anubis1243
stop fucking buying random houses
Is it safe for jews to live there?
No
Yes,just in case you aren't Zionest
Yes,just in case you aren't Zionest
Yes,just in case you aren't Zionest
Good luck trying to take failed business partner to an egyptian court ...
One of the worst things in Egypt is the mosques when they start calling the Azan to prayer. They usually use very loud speakers at the same time. Really crazy and annoying.
Egypt lol what a dump.
Wow , A terrorist talks
Not dumper than you smart ass
This information is WRONG. If you buy property in Egypt let's say for $100K and within a few years the property goes up in value, within this time period Egypt would of devaluated it's pound a few times.
When selling that property in the Future, if you convert the egyptian money to dollars you will find you have now around $90k and depending on the situation you might not even be able to take that 90K out of the country because of the currency crisis which will not resolve itself anytime soon. So to put in $100k as an investment for 5 years and get back 90k is the most stupid investment anyone can do hense why no one has been investing in Egypt for last 8 years. I did it with one property that I bought for 90K 7 years ago now that property is worth 35k. My worse investment ever.
This is a prove you are lying, i wish it's the case as you have said, Egyptian will dance from happiness... But no... As as soon the dollar price goes up.. Properties also goes up.. And even rent.
I assume you didn't hear what happened with the new capital developers and how they had to rise the price multiple time because of that. And some even started to sell in dollars.. Even worse they adjust the value of the dollar higher than the market to protect themselves.
Guide to an apartment that still sold are the same price whem the dollar was 15 or even 30.. And i will thank you very much
Another massive problem rent went really up after Egypt accepted millions of refugees from Sudan
@@engmsh3544 you don't have to be rude and say I am lying first of all. 2nd of all currently I own a property that is now £35k and I bought it for £98k 7 years ago, other properties I had I sold and they were all loses, I no longer invest in Egypt. Your the one who doesn't know what they are talking about, i doubt you've ever travelled or lived abroad and invested in Egypt, and going to work somewhere in the middle East I'm sorry that's no Europe or US to say you have really travelled, lived abroad and invested in Egypt. Buying property in Egypt is only good if you plan to live in it and not care to ever change your money back to the Dollar, Euro or Sterling. Egypts pound is going to get weaker, the Egyptian people are going to struggle even more and all you care about is the dollar going up and the people will be dancing, yhbl, the people are going to be crying. The system management of caring about people investing more than helping it's own people is just disturbing and that's why it will always be a failing state. The worse is still to come and you will remember this message from an intelligent person.
@@engmsh3544 and look what you said... They adjusted the prices to suit future loses with the dollar... Who conducts business like that? That's a cowboy style of business. This shows at any time they can change prices to suit other situations that can occur in the future, (a time of crisis for example,) that can cause an investor to lose profit. What they are doing is not wrong, however you using it to validate what your saying is correct, is what is wrong. As I said before it's clearly failing because people like you clearly have a failing way of thinking.
This is not the monorail, this is the LRT. But it's okay many people get mixed up
LRT are ground level rails, thats elevated meaning it is a monorail
3:50 that's Fatimid cairo style lol, UAE was a desert 20 years ago they don't have a cultural architecture
It’s built with uae and Saudi money tho , don’t mock your kafil
@@dimples5058I'm Egyptian,i am the kafil of saudi and UAE lol, those tents inhabitants are humans now because of me and my charity that they will always be grateful for me for lol
@@lookwhostaking6700 they are spending money so u can build ur favorite cities lmaoo even ur president said without them we will be gone 😁 respect your masters my friend that’s the situation rn
I do kind of wish they would adopt some more classic Egyptian style. Egypt of course has its own many authentic aesthetics for thousands of years.
@@dimples5058 أسياد مين يا شبع بعد جوع ، لا اريد أن أصدمك لكن مصر لديها علم يدرس باسمها وهي الدولة الوحيدة في العالم التي لها علم باسمها يدرس في الجامعات العالمية وهو المصريات وهذا بسبب شدة تأثير مصر ثقافيا وحضاريا ، بينما انتو لم تنشأوا المدارس والجامعات إلا على آخر الزمن فاعرف مقامك كويس
The Red Sea? A real war location!?!
Not true, that in Yemen, red sea is big see, and Egypt is very safe, i am thinking to invest in Egypt... by the way i am not Egyptian :)
Sharm el sheikh and hurghada are by the red sea and they are full of expats spending Their summer lol
There is a war right now in Europe too. There might be a civil one in the US. These are big places.
Red Sea is Hurghada, El Gouna, Sharm El Sheikh (Sinai).
These cities are great that living there may not be accessbile for most of Egyptians. Whole Egypt is safe btw.
This is already the least walkable development in the history of humanity.
Lol. Yeah.
New Cairo was desert 20 years ago, now people are making 700usd pm renting apartments near AUC. New capital will for sure increase in value simply by necessity because of the government moving all the administrative building there. All Egyptians will be forced to visit or move near there.
Most of the world countries havea deficit in budget including the US .
too many people? no! too much greed! hope this capital gets protested too like it did last dictator, but interestingly they made it far from the people guess. him working under last dictator taught him few things to suppress the people further
What type of dictator stop listening to brotherhood videos and observe the reality
The NAC will attract thousands of foreign and local investors
Because of its advanced infrastructure, great planning and also using dessert ($0) land and converting it to money and also linking it to ports which will make it a world Buisness headquarter which happened by uae in Dubai
Stop capping👌🏻
Great video , now you have a new subscriber ❤️
Riding against traffic is normal in egyptian highways
Very interesting video
So much potential in Egypt..
From Cambodia
egypt did have planning especially if you visit down town, garden city, Zamalek and Heliopolis. just that there was lots of corruption and no maintenance so many beautiful buildings were demolished and unplanned slums took their place. Sisi is trying his best to bring back the old egypt and to renew the parts of egypt that havent been demolished.
3:39 it's literally called mohamed bin zayed street and hany doesn't want to admit it's UAE style lmaoooooo
Chinese investment means Egypt game over death trap 😢
That’s just he central business district
But hundreds of local and foreign countries invested in the downtown and in many districts
@@ziyadwael8666 OK OVERALL MANY COUNTRY INVESTED NOT ONLY CHINA THATS GREAT
@@vishalsayyz yeah so what’s your point? this city is massive Chinese investment is just nothing compared to the number of companies in this project
No. Run away from egypt
🇵🇸❤️❤️❤️❤️❤️❤️❤️
Thank you for the info. I followed you since your analysis in Kenya. People who don't know this account are missing out.
Thank you 🙏. Spread the word
This is not a good channel.
New Administrative Capital is THE lamest name ever. Why not use Memphis or other excellent Egyptian possibilities?
The place NEEDS a name before it can become a destination, for people or investments.
Subscribed
2 to 3 years it will still be empty, this sales guy is delusional. Project delays are rife, economic issues, most ppl cannot afford to buy. If u should invest in cairo, then sheikh zayed is probably the best as its close to all the new musuems and has the new airport for tourism.
You should suggest the government to lower the number to 150.000 to 200.000 max in order to make it competitive.
With that call to prayer loudspeaker making noise to residents everywhere, forget convincing investors to buy units in this place.
Great video. Very informative.
If I'm interested in Egyptian citizenship, do I have to purchase $300, 000 USD property one shot or can I do an installment plan?
@@ummadam9608 Thanks. Whatever you do, $300,000 must be transfered to the developer within 1 year.
bro 50k/ meter is not affordable for most egyptians.
better to rent in current unstable world
I like how when you asked about incentives to move to the new city he said yes but didn’t mention any.
So how about actually getting your money out once you’ve invested? You can’t take EGP out of the country and you can’t exchange into foreign currency legally
Yes. That’s the biggest risk I mention in the article: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-cairo-egypt-a-contrarian-play/
I love the Nile area in Cairo, unfortunately Cairo is a mess, the pollution rivals that of Delhi. This country could become a regional superpower if they get their act together.
Pollution in any Egyptian city is nothing compared to Delhi
@@MostafaSrag I agree, but Egypt is going in that direction. I have nothing but best wishes for Egypt, they deserve much better.
China build this magnificent and ultra modern City along with the Egyptians!
Stop lying
Should’ve spent the money in refurbishing old Cairo, it has the soul of Egypt as well as history.
Gentrification sometimes work.
What about congestion and population growth in Cairo?
The government didn’t spend a penny on this project it’s a private sector verified by the government
Plus they are already fixing Cairo but you can’t do this significantly because there are over 26 million residents
So if you want to fix a road or bridge you need to remove many residential buildings so that’s why 26 new 4th generation cities are being built to reduce congestion in all governorates with an advanced infrastructure to attract residents
No hope