The UAE Ministry of Energy and Infrastructure has recently declared that it has executed 129 development projects worth AED11.8 billion ($3.2 billion), as part of the ministry's five-year plan (2018-2023).

The plans covers 12 infrastructure developments for projects to develop 15 government buildings, educational facilities, which are easily reached to the public, 28 projects to construct and maintain federal roads, and 31 others for water canals and dams, which sums up to a total cost of AED5.18 billion.

A rapid rise has also been seen at the UAE real estate market tapping into the East African real estate projects. Reports has it that a UAE-based developer revealed its plans to invest nearly $1 billion in the Egyptian real estate market over the next 2 years.

The company’s official stated that the move is part of its expansion plan regionally and globally with a total EGP15 billion ($950 million) investment. EGP4 billion is said to be invested in its New Administrative Capital project.

The key dynamic elements for the company’s resolution to invest in Egypt is because Egyptian real estate market is patently flourishing, attributed to the government’s economic vision, combined with the enticements provided by the Egyptian government to stimulate FDI, the formation of major national projects, expansion of new smart cities, augmented population growth, all of these encouraged the group to take this serious stride.