Mountain View has worked on a protocol for occupational safety and health amidst the Coronavirus pandemic, in an attempt to provide ultimate protection in workplaces and construction sites, reveals its Chairman Amr Soliman at Invest-Gate’s first virtual roundtable “Smart Real Estate Market Amid COVID-19.”

Coming in cooperation with the former director of the Egyptian chemical-weapon warfare program, the guidelines were sent to the government as a model for all concerned bodies, including real estate developers, investors, staff members, among others, Soliman pinpointed. 

“Besides, office boys were trained on the proper use of the COVID-19 safety and precautionary measures, working their way up to safety officers,” he further stated.

Held on May 17, the one-hour event saw the attendance of Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas, alongside a number of local property professionals.

In a nutshell, the market gurus agree that COVID-19 is much more than a health emergency, due to its potential to create devastating social and economic crises that will leave deep scars. Therefore, close collaboration between private real estate developers is considered a necessity to overcome such implications, namely through leveraging technology and smart solutions in responding to uncertain times.

“As Egypt’s property sector modifies to approach digital transformation needs, the current conditions will open up new horizons of marketing strategies that will respond to changes in customer perceptions and demand, while also defining a whole new raft of real estate products that address such adjustments,” Iwan Developments CEO Waleed Mokhtar explained.

When asked about Egypt’s business climate after the pandemic is curbed, Tabarak Developments’ CEO Ali El-Shorbany noted that real estate prices are expected to remain stable in the short term, despite changes in demand.

Moderated by Mena Group Founder Fathallah Fawzy and co-moderated by Invest-Gate’s Managing Partner Mohamed Fouad, the roundtable saw the participation of Tatweer Misr President and CEO Dr. Ahmed Shalaby, Lotus Management Chairman and CEO Amr M. Aboualam, and Rooya Group Chairman and CEO Hisham Shoukri.

For the complete virtual roundtable coverage, open “Smart Real Estate Market Amid COVID-19.”