City governments across the globe are responding to the climate emergency by setting bold commitments to move to a net zero economy over the coming decades, often well ahead of national targets.
The real estate sector is one of the main causes of global warming, as the report issued by the Intergovernmental Panel on Climate Change indicated that 38% of energy-related carbon dioxide emissions come from buildings, 28% from operational emissions, and 10% from building materials and construction activities. Therefore, the expansion of green urbanization, the sustainability of real estate, and the endeavor to reduce carbon emissions have become a global trend, as a major solution to confront the continuous environmental changes.
Since the 2015 Paris Agreement, climate action gained momentum and countries have intensified climate action, and many have committed to reaching net zero emissions by 2050, meaning that any additional carbon emissions will be completely offset by carbon emissions withdrawn from the atmosphere.
The 2023 edition of Mipim, which will be held between 14 and 17 March, will be significantly bigger than last year's return to face-to-face meetings.
Invest-Gate discusses with a number of experts in the real estate industry the most prominent obstacles facing the sector with regard to taxes. Experts are also inquired about any endeavors or proposals to overcome such obstacles or adopt tax incentives in coordination with government agencies.
Egypt's real estate market is expected to slow down in the first quarter of 2023 due to the introduction of high-interest certificates of deposit (CDs) and inflation.
Although industry insiders have spoken favorably of the bill that is expected to help draw in some much-needed liquidity into the sector, it's still unclear whether the bill will be a panacea for contractors struggling to keep up with rising costs.
Invest-Gate concludes its first roundtable in 2023 in collaboration with the Egyptian Businessmen’s Association (EBA), shedding light on recent global economic crises and how they affected the performance of Egypt’s real estate market.
Opening its series of roundtables over 2023, Invest-Gate holds a roundtable, in collaboration with the Egyptian Businessmen’s Association (EBA), shedding light on recent global economic crises and how they affected the performance of Egypt’s real estate market. The roundtable takes place on January 31st, 2023 at 09:00 am in the Nile Ritz Carlton. Hosting prominent experts in the Egyptian real estate sector, the roundtable carries the title “Egypt’s Real Estate Market Vs. Economic Crises.”