Billionaire property developer Hisham Talaat Moustafa warns Egypt's new real estate fees could push project costs up by 15 percent
Billionaires Africa | 03.05.2026 19:32
New fees introduced by Egypt's New Urban Communities Authority are testing the resilience of the country's property sector, with developers warning that charges reaching EGP 1,000 per square metre could push total project costs up by as much as 15 percent on top of already elevated expenses for construction materials, energy and financing.
