The Real Estate Development Chamber (REDC) at the Federation of Egyptian Industries announces the establishment of the “Communication with Government Authorities and Crisis Management” committee, Invest-Gate reports.

CEO of the REDC, Osama Saad El-Din, says that the committee is tasked with solving problems facing real estate developers and communicating with competent government authorities.

He adds the REDC’s main focus is to support real estate companies and identify problems facing them to maintain a strong performance in the sector.

The chamber has a strong and ambitious work strategy in 2023 centered around supporting all companies in the real estate sector in the light of the global economic changes that impact all sectors globally, Saad El-Din notes.

He states that the chamber seeks in 2023 to bolster real estate companies to achieve a balance between cost and sale prices.