Future Cities of Egypt Forum will kick off on December 8, under the theme “Business and Investment Opportunities,” bringing together 400 Egyptian and Arab investors, led by a delegation from KSA and other GCC countries, to shed light on the new fourth-generation cities, Invest-Gate reports.

Under the patronage of Prime Minister Mostafa Madbouly, and in partnership with the Ministry of Housing, Utilities, and Urban Communities and Ministry of Investment and International Cooperation, the conference, which will take place in InterContinental Cairo Semiramis, is organized by Al-Iktissad Wal-Aamal Group. It aims to exhibit Egypt’s 21 newly-introduced cities, which are being built at a total cost of EGP 400 bn, according to a recent press release.

Jointly convened with the Egyptian Businessmen Association (EBA), the Export Council of Real Estate Investment, and the Real Estate Development Chamber at the Federation of Egyptian Industries (FEI), the one-day event will focus on the business climate and investment opportunities in the country’s new cites, especially the incentives, benefits, and relaxations in investment in these areas, the statement noted.

Apart from highlighting the mechanisms of public-private partnerships (PPPs), Future Cities of Egypt Forum will also showcase the residential, educational, commercial, tourism, industrial, and other different opportunities found in Egypt’s new cities, in addition to the investment shots for Arab and international funds. Besides, a weighing part will be dedicated to the role of mortgage finance companies and the local, regional, and foreign banks in stimulating real estate investment, it added.

Raouf Abou Zaki, CEO of Al-Iktissad Wal-Aamal Group, said the conference is the first-of-its-kind to enlighten all investors about the prolific grabs available in Egypt’s fourth-generation cities, in the wake of the profound interest of numerous Gulf and international investors to pump investments into the property local market.