Egypt seeks to boost investment in property sector
May Abdel Hamid, chairwoman of Egypt’s Mortgage Finance Fund has said the government plans to introduce simpler procedures to secure mortgages, aiming to draw more investment into the country’s property sector, Reuters has reported. The agency is also set to sign new protocols with mortgage financing firms that will make registration more efficient to help expand the customer base by 15,000 individuals within 2011, she said.
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