Demand for office space in Cairo increased in 1H2019 on the back of improving economic conditions, real estate services provider Savills has said in a new report (pdf). The research, which analyzes the office market in the Greater Cairo area, found that Grade A developments in New Cairo and Sheikh Zayed have attracted the most interest so far in 2019. New market entrants were limited, with demand being driven mainly by businesses in the tech, banking, pharma, and media sectors with existing offices.
More from Enterprise
Farmers aren’t borrowing to survive anymore — they’re investing
Medium-term loans rose more than 1k% to EGP 22.6 bn…
Trading volume could become the new currency for EGX tax breaks
Companies will be put on a sliding scale, with the…
Valu gets regulatory green light to start operations in Jordan
Former Jordanian Investment Minister Mothanna Gharaibeh will serve as chairman…