Under the umbrella of the International Real Estate Federation (FIABCI), the Egypt and Saudi Arabia offices signed a cooperation agreement during the opening day of Cityscape Egypt 2025. The partnership aims to provide a package of services for government entities and investors in both countries, Invest-Gate reports.

Abdullah Al Harbi, Head of the Saudi Arabia Office, highlighted that Egypt and Saudi Arabia represent the region’s largest real estate markets, both witnessing unprecedented growth through major projects and new cities. He noted that this places significant responsibility on both markets to support national development strategies, including Saudi Arabia’s Vision 2030 and Egypt’s nationwide urban expansion.

The agreement will support the real estate sector by facilitating the exchange of expertise, promoting investments and partnerships, and strengthening international ties through FIABCI’s specialized councils, including developers, marketers, professionals, and project managers.

Eng. Abdel Nasser Taha, Head of the Egypt Office, emphasized that the cooperation will encourage knowledge transfer, attract investments, and showcase the scale of development projects in both countries to the global real estate community.

The protocol will be implemented through an executive action plan and a permanent joint council to drive initiatives and create impactful activities.

Al Harbi established the Saudi Arabia Office three years ago, with notable participation in the kingdom’s flagship Future of Real Estate Summit. Meanwhile, the Egypt Office was founded in 2016 under Eng. Taha’s leadership, playing a key role in advancing the country’s real estate sector.