Real Estate On Solid Ground

April 9, 2022

Egypt has a population of more than 100 million, making it the 14th most populated country in the world. But currently, only 8% of its 1 million square kilometers is inhabited, with most of the population crowded into the Cairo, Alexandria, and Giza governorates. In a bid to absorb the rapidly growing population, increase housing and job opportunities, and improve the overall quality of life, Egypt is in the process of constructing 22 new fourth generation cities to accommodate around 30 million people across nearly every part of the country. Once complete, these new cities will grow inhabited land area by 14%, according to the National Strategic Plan for Urban Development 2052.

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