Cityscape Egypt Business Breakfast Goes Beyond Local Ambitions for 2022

Cityscape Egypt Business Breakfast Goes Beyond Local Ambitions for 2022

Cityscape Egypt announces the comeback of its Business Breakfast on March 30 at the Fairmont Nile City Cairo, under the patronage and support of the Ministry of Housing, Utilities & Urban Communities, Invest-Gate reports.

According to Cityscape’s official statement, the first business breakfast of the year in Egypt is attended by a stellar line-up of speakers under the theme” Beyond Local Ambitions”.

The half-day event brings together government officials and renowned experts to address topics such as real estate transparency, the country’s property industry and its prospects for 2022-2023, Egypt’s Green Ambitions, and the underlying difficulties, confronting the Egyptian real estate market on a larger scale, in addition to offering updated study of supply and demand by sector, major city and size and presented solutions on how to create attractive ROI for international and local investors.

For his part, Robier Danial, exhibition manager for Cityscape, says, “Being back for the 11th edition of Cityscape was essential to keep pace with the Egyptian government’s massive achievements in the development of the real estate sector and we aspire to be a hub for developers to display their projects in the new cities”.

Khaled Abbas, Deputy Minister of Housing and Urban Utilities, provided a glimpse into Egypt’s ambitions to demonstrate itself as an international investment focus for residential real estate. A Q&A followed the panel with Cityscape Chairman Fathallah Fawzy.

Then, Bashir Moustafa, CEO, First Group, moderates a session titled “An insight into the Egyptian real estate market: a discussion between real estate developers” in the presence of Ahmed ElFar, New City Developments COO, Ahmed ElAttal, El-Attal Holding chairman, and Waleed Mokhtar, IWAN Developments CEO.

Besides, AqarMap’s CEO Amad AlMsaodi addresses the new technologies and advancements in tech, which occurred in recent years to enhance transparency efforts, posed questions such as “To what degree will the General Authority for Government Services’ central electronic database aid in strengthening governance? ’ Will this aid in proper resource allocation and prevent wasted investments? Government policies and actions encouraging digitalization of data and information? How can digitization of real estate platforms be improved? To what extent does user learning/education play a role?”.

Finally, the last panel discusses global investments for a local market, where Ayman Sami, director of JLL Egypt, took a deep dive into MNCs looking to invest in Egypt and enter its prominent market. In addition, the panel tackled MNCs operating within Egypt; opportunities for new global companies to invest and operate in Egypt and attracting foreign direct investment with a high return on investment into the region. This panel was attended by Ashraf Ezz-Eldin, Managing Director of Al Futtaim Group and Bassem Fahmy, Chief Executive Officer of Bariq International for consultations & management.


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