Dr. Ahmed Shalaby, Chairman of the Housing and Utilities Committee in the House of Representatives and President & CEO of Tatweer Misr, stated that Egypt’s Red Sea coast possesses the necessary components to become a leading regional hub for tourism, renewable energy, digital infrastructure, and integrated urban development. This, he said, opens wide opportunities for international investors, particularly British companies, noting that Egypt is already reaping the benefits of major infrastructure investments made in recent years, Invest-Gate reports.
This came during his participation in the session titled “Where Are Global Capital Flows Heading in Egypt Now? From Reforms to Returns: Investment Opportunities in Real Estate, Sustainable Infrastructure, and Urban Growth,” held as part of the “Egypt Forward: Opportunities for Investment and Sustainable Economic Reform” conference organized by the British Egyptian Business Association (BEBA) in London from June 3 to 5, 2026, according to “Exlnt Communications,” the association’s media partner.
Infrastructure Boom and Smart Cities Development
Shalaby explained that Egypt has achieved a major leap in infrastructure projects, transport networks, and ports, paving the way for a new phase of development based on establishing economic and tourism hubs outside the Nile Valley. He noted that Red Sea projects represent a clear model of this strategic direction.
He also pointed to Galala City on the Gulf of Suez, connected to the New Capital, as a leading example of fourth-generation smart cities. He explained that the project is witnessing expansions including residential towers, hotels, serviced apartments, conference centers, and entertainment facilities, with strong demand exceeding expectations from investors.
Renewable Energy and Green Energy Export Opportunities
Shalaby further emphasized that Egypt has significant potential in renewable energy, particularly in the south of the country and along the Red Sea coast, enabling the development of energy-intensive projects such as data centers. He noted the possibility that Egypt could, in the long term, become a net exporter of green energy to Europe.
Real Estate Development, Financing, and International Partnerships
He stressed that the real estate sector is no longer merely a housing activity, but a key driver of integrated economic development. Urban development in Egypt now includes fully integrated communities featuring housing, hospitals, hotels, educational facilities, and various services.
He added that British companies are already active in urban planning and architectural design within the Egyptian market, emphasizing the potential to expand cooperation into broader sectors such as healthcare, retirement housing, luxury living, and quality-of-life services.
Shalaby also highlighted the importance of developing modern financial instruments such as Real Estate Investment Trusts (REITs) to enhance investment flows into the sector, alongside the need for regulatory reforms that improve transparency, protect investors, and facilitate capital inflows.
The British Egyptian Business Association (BEBA) is organizing a major conference in London on the readiness of the Egyptian economy to attract investment across various sectors under the theme “Egypt Forward: Opportunities for Investment and Sustainable Economic Reform.” The event aims to promote investment opportunities in Egypt and highlight the ongoing economic reform program.
The conference is attended by a high-level governmental delegation, including Ahmed Kouchouk, Minister of Finance; Eng. Randa El Menshawy Minister of Housing, Utilities, and Urban Communities; and Rami Aboulnaga, Deputy Governor of the Central Bank of Egypt. The event brings together leading investors, business leaders, policymakers, government officials, and representatives of financial and investment institutions from Egypt and the United Kingdom, as part of efforts to strengthen economic partnerships and promote promising investment opportunities in the Egyptian economy.
The program includes a series of meetings and panel discussions aimed at enhancing trade relations between the two countries and encouraging new investment partnerships in key economic sectors.
This mission comes at a time when Egypt continues its efforts to attract more foreign direct investment and deepen economic cooperation with international partners, within a broader framework aimed at supporting economic growth, strengthening the role of the private sector, and enhancing the competitiveness of the Egyptian economy.