Monday, 06 December 2021 09:35 GMT

Egypt sees 34.6 percent boost in leasing activity


(MENAFN) Egypt has recorded a growth in its leading activities by 34.6 percent during the first quarter of this year, reaching 7.5 billion Egyptian pounds from 5.6 billion pounds in 2017.

The country has also seen a 14 percent decrease in leasing contracts, standing at 408 contracts in the first quarter of 2018, from 476 contracts last year during the same period.

The list of activities has ranked properties and lands as the top through getting hold of the largest market share 69 percent of leasing contracts at a value of 5.2 billion pounds.

It was following by equipment and machinery, acquiring a 4.2 percent market share of leasing contracts worth 324 million pounds, while trucks came third with owning leasing contracts worth 252 million pounds.

The total number of registered leasing companies has stood at 226, from 224 last year, with 27 companies being the most active during the first half of 2016 compared to 22 companies in 2015.

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