The first half of 2023 witnessed several achievements in the real estate sector, through the participation of both the government and
private sectors, offering housing units and providing facilities to investors and developers. This participation aims to satisfy consumer
needs by launching new projects by developers in different regions, with various areas and payment methods.
To encourage foreign investment in the real estate sector and secure more USD, the New Urban Communities Authority (NUCA) announced a group of facilities and amendments to land allocation mechanisms for service, investment, and urban projects in December 2023.
Looking forward to 2020 and beyond, Invest-Gate reaches out to a panel of Egypt-based real estate developers to identify the extent to which this year's realty sector stands in stark contrast to previous periods amidst the COVID-19 outbreak, attempting to determine what could the 2021 property market have in store.
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.
Invest-Gate examines the extent to which COVID-19 led to a surge in the need for medical care within Egypt’s new mixed-use developments, therefore scrutinizing the impediments to the wide inclusion of health services within these communities to help property developers respond to this rising consumer need through their newly-crafted masterplans.
In an attempt to avert the erosion of likely future growth of PPPs and catalyze the involvement of private players, Invest-Gate seeks to scrutinize the bottlenecks and shortcomings real estate companies face when carrying out co-development projects, opting to navigate stumbling blocks ahead and bidding to boost efforts to strengthen the business climate for these well-heeled partnerships.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar paid an extended visit to the iconic New Alamein on May 26 to check on the latest updates related to the under-development national projects there, which reflected that works are in full swing to hand over the new coastal city ahead of schedule.
In light of the mega development projects planned for Egypt, with much more in the pipeline, Invest-Gate interviews Waleed Abbas, assistant minister for community affairs of the New Urban Communities Authority (NUCA).
Invest-Gate tours some of Egypt's fourth-generation new cities and sheds light on their locations, areas, facilities, and investments.
Egypt is witnessing a huge transformation across its housing, investment, and services sectors. The launch of the mega projects in new areas are creating new investment and job opportunities, fueling the demand for housing, and thus increasing real estate projects.
