As an official media partner of MIPIM 2023, Invest-Gate had the honor of being the voice of the Egyptian real estate sector with its special MIPIM issue while accompanying Egypt’s top players in the property market.
The Egyptian urban development plan does not limit only to buildings in new cities far from the center. But also, it is a promising plot to improve the livelihood of Egyptians in all aspects. Establishing mega projects means as well as business opportunities, jobs, and investments.
In an interview with Invest-Gate, CEO of Lafarge Egypt Solomon Baumgartner Aviles underlined the latest projects in which his company’s cement has prevailed. He discussed the potentials in Egypt and shared the hardships the industry is going through, while also disclosing the company’s initiatives to reinforce community protection post coronavirus outbreak, along with the precautionary measures adopted by Lafarge Egypt to maintain the safety and wellbeing of its employees.
A hundred zillion years of grandiose history can be tough to exhibit and/or elucidate, but the following one-minute read can be the chance to discover the up-to-date upgrades to the North African country’s long-standing historical centers and ancient towns; we meticulously selected this route for readers to trace back and experience ancient Egypt, while resting in the comfort of their own homes.
Experts attribute the mild performance of Egyptian companies and the inability to compete as international brands to the lack of well-trained labor force, insufficient hospitality management education programs, absence of reliable awareness on the new digital hospitality management systems, and expensive costs of deploying high-standard hotel management.
In an attempt to enrich the market, Egypt’s cabinet ratified last July the state’s residency-for-property law, allowing foreigners to acquire a five-year residency in Egypt in return for owning properties worth nearly USD 400,000.
The executive regulations for the residency law are underway fine-tuning and will be issued within a month or so. In this regard, Invest-Gate delves into the newly amended law to evaluate its potential in rendering the Egyptian economy as well as reviving the real estate industry.
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