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01:57 pm
Wednesday 23 September 2020
Books – Muhammad Abdel Nasser:
Eng. Naguib Sawiris, CEO and Chairman of the Board of Directors of International Real Estate Development Company, said that there is no single field or sector that is the best in investment, but it is better to diversify the financial portfolio among various activities.
Sawiris added, in statements to Masrawy, on the sidelines of the press conference held yesterday by Aura Real Estate Development Company to announce the latest developments in the “Z-East” project in the Fifth Agreement, that 25% of the financial portfolio must be placed in gold, 25% in real estate investment and 25% in Investing in bonds and stocks, and 25% should remain in the status of “cash”, explaining: “The idea of Cache, nobody will make your account despite its importance”.
Sawiris confirmed that many citizens will be crowned to invest in real estate during the next period, after canceling bank certificates with a profitability of 15%, which lasted 6 months from the beginning of the Crown crisis.
He explained that these certificates have attracted many billions during the last 6 months, due to their high profitability, but with their cancellation and the return of regular averages around 10%, many will go to invest in real estate, especially with its high profitability and the presence of multiple payment facilities of most of the companies operating in the Egyptian market.
