Ras Soma is geared to follow in the footsteps of Travco Group and Travco Properties’ internationally acclaimed projects: Vakkaru Maldives and Almaza Bay, respectively.
El Gouna succeeds in representing an impeccable model for the ultimate sustainable integrated towns. Invest-Gate sits with Mohamed Ashour, headed Commercial and Business Development of El Gouna to learn more
To give a little sneak peek into what to expect from the four-day event, Invest-Gate speaks to exhibiting companies and developers and gets an overview of Cityscape Egypt 2020. We aspire to manifest what property exhibition offers to boost real estate demand, following more than six months of almost complete paralysis.
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.
Foreigners can legally purchase property with full “freehold” and “leasehold” rights across many districts in Egypt, Mansoor Ahmed, director of development solution & healthcare at Colliers International notes. With the new investment law, the government grants foreigners the right to buy a property and obtain a temporary residency
Events catering to the interests of high-end potential clients and enthusiasts of young talent may contribute to heightening tourist, as well as, real estate investment inflows in the long term, experts say. Among those is the inaugural edition of the El-Gouna Film Festival, the brainchild of Egyptian billionaire and OTMT Chairman Naguib Sawiris. Invest-Gate looks into what EL-Gouna’s international ongoing events mean for the prospective investment climate nationally and in the resort town.
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