Al-Ahram Conference Discusses Real Estate Challenges Next Month

Thursday, 28th September 2017
by Invest Gate

A general view of residential buildings under construction in El Katameya district of New Cairo March 30, 2013. Two years of upheaval have devastated much of Egypt’s economy. The Egyptian pound has lost about 14 percent of its value. But for the real estate industry, especially the upmarket part of it which caters to people with large amounts of savings, the weak pound is actually fairly good news. In addition to Egyptians, the weaker currency makes Egypt more attractive for investors from other Arab countries trying to escape instability at home, especially Libya, Syria and Sudan. Picture taken March 30, 2013. To match Mideast Money EGYPT-HOUSING/ REUTERS/Amr Abdallah Dalsh (EGYPT – Tags: POLITICS BUSINESS REAL ESTATE CONSTRUCTION) – RTXY6TX

Al-Ahram Institution will hold a real estate conference on October 2 to discuss the market’s current opportunities and challenges, Invest-Gate reports.

The conference will tackle key issues and challenges facing the real estate sector in Egypt and will attempt to set recommendations to boost the sector’s growth, the organizer said in a statement.

The conference will also shed light on the medium-income housing projects, currently being developed by the Egyptian government in cooperation with the private sector, and their impact on the economic growth.

Senior officials and big real estate developers, according to the statement, are scheduled to gather under one roof during the conference, to set forth the impact of pound devaluation on the sector, the effects of financial inclusion on the real estate sector and the new urban expansion.