As we kick start with 2019, Invest-Gate sits with Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas to chitchat about Egypt’s real estate market status and where it is going.
Invest-Gate meets Peter Hofmann, Counselor Head of Economic Department at Embassy of the Federal Republic of Germany in Cairo to share his opinion on the current business climate.
Invest-Gate held its second roundtable, named “Real Estate Tourism Development," on October 23 under the auspices of the Minister of Housing, Utilities, and Urban Communities, covering a wide range of topics and suggesting a number of important recommendations, and these are some of the most powerful and influential quotes said by top real estate market leaders during the event
Branded residences are an evolving concept of luxury housing that has become an increasingly popular trend in the real estate sector. They are residential developments associated with other high-class luxury brands that can offer superlative amenities
Since President Abdel Fattah El-Sisi laid the first stone of the New Administrative Capital (NAC), located east of Cairo, back in October 2017, the government has been racing against time and construction works are afoot to deliver the mega project as scheduled. With an area of 170,000 acres, the new capital will include 20 residential areas expected to accommodate 6.5 mn people, as well as a 650-kilometer road network, an international airport, an electric train to link it to 10th of Ramadan and El Salam cities. It will also feature 1,250 mosques and churches, a 5,000-seat conference center, nearly 2,000 schools and colleges, over 600 medical facilities, and a park that is projected to be the largest in the world. Invest-Gate meets Chairman of the New Administrative Capital for Urban Development (ACUD) Ahmad Zaki Abdeen to know the latest development works at the NAC.
Egypt is currently undergoing a massive development plan across its forefront 20 fourth-generation cities for the
country’s urban and tourism facelift, following its economic reform. In this regard, Invest-Gate sits with Mona
Kamel, Media Director of the New Urban Communities Authority (NUCA), for an inclusive insight on those major
developments, in addition to some other reforms and initiatives, including the privatization of some state-owned
enterprises and public private partnerships (PPPs).
Although ‘bitcoin’ has recently been a worldwide buzzword and gaining more popularity than ever, the Central Bank of Egypt (CBE) has issued an official warning statement against utilizing virtual currencies, mainly bitcoin, due to the high risks involved, describing it as volatile and unstable in value due to unregulated transactions. Concerning this, Invest-Gate sits with Ahmed Mansour, Information Technology Consultant and Blockchain Expert, who gives an insight about the investment and utilization of cryptocurrencies, such as bitcoin, in addition to where Egypt stands on the rollercoaster ride.
Having youth creativity at the heart of any business with a proper strategy “can drive any organization to the sky and beyond,” believes Inertia’s Board Member and Marketing & CRM VP Ahmed Mokbel. Inertia’s second home projects in El Gouna and on the North Coast might be Egypt’s gateway to an international real estate market; hence promoting tourism too. Invest-Gate accompanies Mokbel on a very special G Cribs tour to discover Inertia’s key to success and its updates on the second home market and future projects.
Being part of the government’s development plan for fourth generation cities, New Al-Alamein is standing out with the increasing number of residential and commercial projects being established there, with the crown jewel being North Edge Towers, a project by City Edge Developments. Invest-Gate meets with the company’s CEO, Amr El Kady, to tell us the latest about their luxurious project in the eco-friendly city and his vision to create a new era of all-year-round living.
There are a few big names in the Egyptian real estate world that stand out today, not only because of their big projects, but also because of their thorough study of the market and their perpetual efforts to improve the sector. Invest-Gate speaks with one of these names, Rooya Group’s Chairman and CEO HISHAM SHOUKRI, who talks in-depth about the country’s investment climate and real estate sector, as well as, providing ideas on how Egypt can market its real estate abroad and how to benefit from the country’s coastal destinations not only in the summer, but in the off season too.
