The roundtable is divided into two sessions, titled “Tools to Overcome Crises.” Both sessions will be moderated by Fathallah Fawzy, Vice Chairman of the EBA and Chairman of the Real Estate Development and Contracting Committee.
In January 2022, Mostafa Madbouly, Prime Minister, discussed a number of proposed amendments to the regulations of real estate funds, stressing that they represent an important and effective mechanism for maximizing real estate investment opportunities, and providing financing sources for activities related to the sector.
The contracting and real estate sectors are among the most growing and attractive sectors to foreign investments in Egypt.
Real estate is among the most traditional means of investment, being a safe haven for long-term investors.
Egypt plans to expand in exporting its real estate and make the sector more attractive over the coming period. The country’s government is working on a plan to increase exports and facilitate the regulations of exporting the Egyptian real estate.
Invest-Gate figures out what the flexible exchange rate regime is and how does it affect the economy, alongside other aspects related to the current and future outlook of the local real estate sector.
Experts interviewed by Invest-Gate regarding their views on the reasons behind the recession in the resale market agreed that the main reason is customers’ desire to collect the price of properties in cash. Another reason is the long-term installment periods that developers offer for new units, along with mortgage initiatives focusing on units under construction. In spite of these obstacles, experts consider banks to be the best solution to revive the resale market which can be realized by developing conditions for banks’ initiatives to include bigger real estate segments.
Invest-Gate sheds light on the top challenges facing developing an official real estate platform affiliated with the Ministry of Housing, that includes all major underway projects in Egypt, whether executed by the state or the private sector.
The Cairo Design District is the first innovation and design district in Egypt, as it is designed to act as a global creative neighborhood, much as international renowned Design Districts that have a focus on global design, like Dubai, London, Miami, and Milan.
Invest-Gate has an interview with Cornerstone Development highlighting the company’s ongoing investments and its strategies to deal with the latest devaluation of the Egyptian pound and raising prices of construction material, in addition to the company’s future investments.
