The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt

Waleed Hussein Ali Hussein

doi:doi:10.11648/j.ijber.20190806.13

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The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt

Waleed Hussein Ali Hussein

Published in International Journal of Business and Economics Research (Volume 8, Issue 6)

Received: 22 August 2019 Accepted: 5 September 2019 Published: 25 September 2019

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Abstract

This paper adopts an inductive research approach and is divided into three sections. The first section is a theoretical inductive overview of Economics Market in Egypt and discusses the role of financial markets in resources mobilization and division of financial market in Egypt. Aiming to read the current situation of the Egyptian economic market. The second section describes the key players in the capital market by reviewing the role of financial markets economic growth. The third part introduces the reading in the real estate market in Egypt with Real Estate’s Big Picture. The overall economic sector has a number of distinctive focal points, one of which is real estate, a primary sector of the economy. Between 30% and 50% of high and middle-income assets consist of real estate property and the percentage is even higher for lower-income Egyptian families. Moreover, the market capitalizations of land corporations publicly listed on the Egyptian Stock Market has been boosted by double-digit revenue growth, and the real estate sector has also been growing markedly at the macro level; with a growth rate exceeding 20%, its overall contribution to GDP has surpassed 10%. It is to be noted that the Egyptian real estate market is not one uniform sector; it is divided between principal residences located in Greater Cairo (mainly dominated by large and mid-scale developers), vacation homes on the coast (assorted real estate developers) and real estate in other areas across the country (generally developed by individual owners). Finally, with the results and recommendations, we will find that as a part of the whole urban development it is a very important part of the economic growth of Egypt.

Published in	International Journal of Business and Economics Research (Volume 8, Issue 6)
DOI	10.11648/j.ijber.20190806.13
Page(s)	347-357
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Real Estate, Financial Market, Money Market, Urban Growth, Economic Growth, Capital Market, Urban Development

References

[1]	Aghion, P., G-M. Angeletos, A. Banerjee, K. Manova, 2005, “Volatility and Growth: Financial Development and Cyclical Composition of Investment.” Mimeo.
[2]	Aghion, P., P. Bacchetta, and A. Banerjee. 2004. “Financial Development and the Instability of Open Economies.” NBER Working Paper No. 10246, Cambridge, MA.
[3]	Alba, P., S. Al-Shawarby, and F. Iqbal. 2004. “Fiscal and Public Debt Sustainability in Egypt.” Middle and North Africa Working Paper No. 38. The World Bank, Washington DC.
[4]	Economic growth in Egypt constructions and determinants, 2016, Anton Dobronogov and Farrukh Iqbal Working Paper 0420.
[5]	Hanaa Kheir-El-Din and Hala Abou-Ali, Inflation and growth in Egypt is there a threshold effect?, June 2008, Working Paper No. 135.
[6]	Summary Notes on the RTD entitled: “Will Egypt Face a Real Estate Bubble?” Held on September 18, 2018, http://www.eces.org.eg/MediaFiles/events/3d067c7d.pdf.
[7]	Selected Investment Opportunities in Egypt, Brief- April 2016, and Ministry of investment.
[8]	Stats on Supply Vs Demand in Real Estate, 2018 Report, https://www.propertyfinder.eg/blog/en/2018-report-stats-on-supply-vs-demand-in-real-estate/
[9]	Egypt’s house prices falling sharply; but outlook remains positive, LALAINE C. DELMENDO June 20, 2019, https://www.globalpropertyguide.com/Middle-East/Egypt/Price-History
[10]	African Finance for the 21^st century, high level seminar organized by IMF Institute, in collaboration with joint African institute, Tunisia, 2005. https://www.imf.org/external/np/seminars/eng/2008/afrfin/pdf/senbet.pdf
[11]	11Real estate the power of property, 2016, American chamber of commerce in Egypt. https://www.amcham.org.eg/publications/industry-insight/issue/1/Real-Estate%E2%80%99s-Big-Picture
[12]	Oxford business group, The report of Egypt 2018, https://oxfordbusinessgroup.com/egypt-2018
[13]	Oxford business group, Egypt’s housing market sees continued growth, 2018. https://oxfordbusinessgroup.com/news/egypt%E2%80%99s-housing-market-sees-continued-growth
[14]	Egypt’s Real Estate Market: Looking at the Bigger Picture, Egypt today, 2018. https://www.egypttoday.com/Article/3/58148/Egypt%E2%80%99s-Real-Estate-Market-Looking-at-the-Bigger-Picture
[15]	Impact of the Egyptian Pound Devaluation on the Real Estate Market in Egypt, house solutions, 2018. https://www.housesolutionegypt.com/blog/Impact-Of-The-Egyptian-Pound-Devaluation-On-The-Real-Estate-Market-In-Egypt
[16]	SAHAR NASR, Access to Finance and Economic Growth in Egypt, the World Bank, 2018. S.N 41305 http://siteresources.worldbank.org/INTEGYPT/Resources/Access_to_Finance.pdf
[17]	Real Estate Industry - Annual Report, 2018. Report linker. https://www.reportlinker.com/ market-report/Real-Estate/6274/Real-Estate?utm_source=adwords1&utm_medium=cpc&utm_campaign=Financial_Services&utm_adgroup=Real_Estate_Market_Reports&gclid=CjwKCAjw1_PqBRBIEiwA71rmta9vbbqBhybYo-rojJqneJRKpt_s4hGt5BZfDedu-P3IqlqWsUGt3xoCgBsQAvD_BwE

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APA Style

Waleed Hussein Ali Hussein. (2019). The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt. International Journal of Business and Economics Research, 8(6), 347-357. https://doi.org/10.11648/j.ijber.20190806.13

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ACS Style

Waleed Hussein Ali Hussein. The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt. Int. J. Bus. Econ. Res. 2019, 8(6), 347-357. doi: 10.11648/j.ijber.20190806.13

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AMA Style

Waleed Hussein Ali Hussein. The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt. Int J Bus Econ Res. 2019;8(6):347-357. doi: 10.11648/j.ijber.20190806.13

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@article{10.11648/j.ijber.20190806.13,
  author = {Waleed Hussein Ali Hussein},
  title = {The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt},
  journal = {International Journal of Business and Economics Research},
  volume = {8},
  number = {6},
  pages = {347-357},
  doi = {10.11648/j.ijber.20190806.13},
  url = {https://doi.org/10.11648/j.ijber.20190806.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20190806.13},
  abstract = {This paper adopts an inductive research approach and is divided into three sections. The first section is a theoretical inductive overview of Economics Market in Egypt and discusses the role of financial markets in resources mobilization and division of financial market in Egypt. Aiming to read the current situation of the Egyptian economic market. The second section describes the key players in the capital market by reviewing the role of financial markets economic growth. The third part introduces the reading in the real estate market in Egypt with Real Estate’s Big Picture. The overall economic sector has a number of distinctive focal points, one of which is real estate, a primary sector of the economy. Between 30% and 50% of high and middle-income assets consist of real estate property and the percentage is even higher for lower-income Egyptian families. Moreover, the market capitalizations of land corporations publicly listed on the Egyptian Stock Market has been boosted by double-digit revenue growth, and the real estate sector has also been growing markedly at the macro level; with a growth rate exceeding 20%, its overall contribution to GDP has surpassed 10%. It is to be noted that the Egyptian real estate market is not one uniform sector; it is divided between principal residences located in Greater Cairo (mainly dominated by large and mid-scale developers), vacation homes on the coast (assorted real estate developers) and real estate in other areas across the country (generally developed by individual owners). Finally, with the results and recommendations, we will find that as a part of the whole urban development it is a very important part of the economic growth of Egypt.},
 year = {2019}
}

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TY  - JOUR
T1  - The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt
AU  - Waleed Hussein Ali Hussein
Y1  - 2019/09/25
PY  - 2019
N1  - https://doi.org/10.11648/j.ijber.20190806.13
DO  - 10.11648/j.ijber.20190806.13
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 347
EP  - 357
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20190806.13
AB  - This paper adopts an inductive research approach and is divided into three sections. The first section is a theoretical inductive overview of Economics Market in Egypt and discusses the role of financial markets in resources mobilization and division of financial market in Egypt. Aiming to read the current situation of the Egyptian economic market. The second section describes the key players in the capital market by reviewing the role of financial markets economic growth. The third part introduces the reading in the real estate market in Egypt with Real Estate’s Big Picture. The overall economic sector has a number of distinctive focal points, one of which is real estate, a primary sector of the economy. Between 30% and 50% of high and middle-income assets consist of real estate property and the percentage is even higher for lower-income Egyptian families. Moreover, the market capitalizations of land corporations publicly listed on the Egyptian Stock Market has been boosted by double-digit revenue growth, and the real estate sector has also been growing markedly at the macro level; with a growth rate exceeding 20%, its overall contribution to GDP has surpassed 10%. It is to be noted that the Egyptian real estate market is not one uniform sector; it is divided between principal residences located in Greater Cairo (mainly dominated by large and mid-scale developers), vacation homes on the coast (assorted real estate developers) and real estate in other areas across the country (generally developed by individual owners). Finally, with the results and recommendations, we will find that as a part of the whole urban development it is a very important part of the economic growth of Egypt.
VL  - 8
IS  - 6
ER  -

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Author Information

Waleed Hussein Ali Hussein

Department of Architecture, Faculty of Engineering, Fayoum University, Fayoum, Egypt

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Plain Text BibTeX RIS

APA Style

Waleed Hussein Ali Hussein. (2019). The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt. International Journal of Business and Economics Research, 8(6), 347-357. https://doi.org/10.11648/j.ijber.20190806.13

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ACS Style

Waleed Hussein Ali Hussein. The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt. Int. J. Bus. Econ. Res. 2019, 8(6), 347-357. doi: 10.11648/j.ijber.20190806.13

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AMA Style

Waleed Hussein Ali Hussein. The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt. Int J Bus Econ Res. 2019;8(6):347-357. doi: 10.11648/j.ijber.20190806.13

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@article{10.11648/j.ijber.20190806.13,
  author = {Waleed Hussein Ali Hussein},
  title = {The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt},
  journal = {International Journal of Business and Economics Research},
  volume = {8},
  number = {6},
  pages = {347-357},
  doi = {10.11648/j.ijber.20190806.13},
  url = {https://doi.org/10.11648/j.ijber.20190806.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20190806.13},
  abstract = {This paper adopts an inductive research approach and is divided into three sections. The first section is a theoretical inductive overview of Economics Market in Egypt and discusses the role of financial markets in resources mobilization and division of financial market in Egypt. Aiming to read the current situation of the Egyptian economic market. The second section describes the key players in the capital market by reviewing the role of financial markets economic growth. The third part introduces the reading in the real estate market in Egypt with Real Estate’s Big Picture. The overall economic sector has a number of distinctive focal points, one of which is real estate, a primary sector of the economy. Between 30% and 50% of high and middle-income assets consist of real estate property and the percentage is even higher for lower-income Egyptian families. Moreover, the market capitalizations of land corporations publicly listed on the Egyptian Stock Market has been boosted by double-digit revenue growth, and the real estate sector has also been growing markedly at the macro level; with a growth rate exceeding 20%, its overall contribution to GDP has surpassed 10%. It is to be noted that the Egyptian real estate market is not one uniform sector; it is divided between principal residences located in Greater Cairo (mainly dominated by large and mid-scale developers), vacation homes on the coast (assorted real estate developers) and real estate in other areas across the country (generally developed by individual owners). Finally, with the results and recommendations, we will find that as a part of the whole urban development it is a very important part of the economic growth of Egypt.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - The Role and Importance of Financial Management in the Urban Development with the Light of the Impacts of Real Estate Market in Developing the Economic Growth in Egypt
AU  - Waleed Hussein Ali Hussein
Y1  - 2019/09/25
PY  - 2019
N1  - https://doi.org/10.11648/j.ijber.20190806.13
DO  - 10.11648/j.ijber.20190806.13
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 347
EP  - 357
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20190806.13
AB  - This paper adopts an inductive research approach and is divided into three sections. The first section is a theoretical inductive overview of Economics Market in Egypt and discusses the role of financial markets in resources mobilization and division of financial market in Egypt. Aiming to read the current situation of the Egyptian economic market. The second section describes the key players in the capital market by reviewing the role of financial markets economic growth. The third part introduces the reading in the real estate market in Egypt with Real Estate’s Big Picture. The overall economic sector has a number of distinctive focal points, one of which is real estate, a primary sector of the economy. Between 30% and 50% of high and middle-income assets consist of real estate property and the percentage is even higher for lower-income Egyptian families. Moreover, the market capitalizations of land corporations publicly listed on the Egyptian Stock Market has been boosted by double-digit revenue growth, and the real estate sector has also been growing markedly at the macro level; with a growth rate exceeding 20%, its overall contribution to GDP has surpassed 10%. It is to be noted that the Egyptian real estate market is not one uniform sector; it is divided between principal residences located in Greater Cairo (mainly dominated by large and mid-scale developers), vacation homes on the coast (assorted real estate developers) and real estate in other areas across the country (generally developed by individual owners). Finally, with the results and recommendations, we will find that as a part of the whole urban development it is a very important part of the economic growth of Egypt.
VL  - 8
IS  - 6
ER  -

Copy | Download