Real estate firm Egyptian Resorts said it had sold a plot of land on the Red Sea for $13.3m, marking its first sale in over a year and signaling renewed interest in Egyptian property, Reuters has reported. The firm, which makes most of its money selling land to developers, sold 44,354 square meters at $300 per square meter to a Saudi investor planning to build a high-end hotel.
Source: www.ameinfo.com
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