Cityscape Egypt concluded on Tuesday, where experts and the government provided the latest updates on major government projects, opportunities and challenges facing the sector, stressing that the real estate sector is witnessing continuous progress at all levels.
For his part, Khaled Abbas, Deputy Minister of Housing for Technical Affairs and Supervisor of the New Urban Communities Authority, explained that development is no longer limited to Greater Cairo and the new cities surrounding it, but has moved to all new cities in various areas to be comprehensive development in many cities, such as New Alamein, New Mansoura, West Qena and West Assiut, which is one of the requirements of the urban development plan 2052, to increase the built-up area from 7 to 12%.
For his part, Khaled Abbas - Deputy Minister of Housing for Technical Affairs and Supervisor of the New Urban Communities Authority - explained that development is not only limited to the governorate and the new cities surrounding it. <He added during his participation in the activities of the first day of the Cityscape Real Estate Conference held today in Cairo, that the partnership with the private sector is one of the important mechanisms to achieve this ambitious development plan and reach the required development rates, which the government has done successfully in the first phase of the partnership projects, whose memorandums of understanding have been converted into final contracts, and the financial decision is now being made on the advanced offers for the second phase of partnership projects, with the third phase of partnership projects to be launched by the end of this month or early next month at the latest, which reflects the government's efforts made by the government <He stressed that the real estate sector faced many challenges during the past year, but was able to contribute to achieving a high growth rate during the first and second quarters of the current fiscal year despite these challenges, which reflects the volume of demand and investment in this strong sector, noting that the Ministry of Housing is interested in developing an investment map every 6 months about land offerings, timing and locations to enable the developer to study the available investment opportunities and choose from them. He explained that the Ministry of Housing is constantly studying all the variables faced by the real estate market and knowing the needs of developers and providing them in order to take care of this strong market and drive the local economy.
New this year. <He explained that the Ministry of Housing is constantly studying all the changes in the real estate market and knowing the needs of developers and providing them in order to take care of this strong market that drives the local economy. <There was a panel discussion on the hospitality sector titled: The Role of International Hospitality Brands in Creating a Distinctive Destination, and included a session on Foreign Investment Sentiment: Measuring Foreign Investment Trends in Egyptian Real Estate.
The discussion sessions will conclude tomorrow with the importance of regulating real estate valuation activity to attract international investors, and reflecting on understanding the role of real estate valuation in the national economy and the methodology of supervising real estate valuation activities.
The conference and the Cityscape Egypt awards ceremony come as a prelude to the exhibition, which will be held later this month from March 28 to 31 at its new venue, the Egypt International Exhibition Center at the Marshal Tantawi Axis in New Cairo.
Cityscape Egypt will be held at the end of this month from March 28 to 31. <Cityscape Egypt 2018 will feature more than 70 exhibitors and companies on an area of 20,000 square meters, and the number of exhibiting companies is likely to increase as the show draws nearer.
