Egypt’s Real Estate Sector to seize Large Investments in Economic Summit

Egyptian real estate sector is expected to seize lion’s share of investments that would be attracted during Egypt’s March Economic Summit which will be held in Sharm El-Sheikh, said Tarek Shoukry- Deputy of the Egyptian Real Estate Investment Division- on Tuesday.

Shoukry pointed out that real estate sector achieved considerable success within the last period despite the political and economic turmoil that Egypt had witnessed.

During his interview in ‘ Kol El Zaway’ show, Shoukry added that Egypt’s Housing Ministry got ready for the summit through issuing bunch of investments and different investment ideas by depending on Public Private Partnership system (PPP) in issuing number of housing, administrative, and commercial projects.

‘Kol El Zawaya’ is presented by the famous media figure Dina Abdel Fattah and airing live from Sundays to Thursdays at 11:00 p.m.

There are number of legislations which related to real estate sector are expected to be approved before the Economic Summit. Those legislations would contribute to solve more than 80% of current problems between real estate investors and the country, Shoukry asserted.

Shoukry noted that investment bunch would attract numerous numbers of investors especially the Arabs who well to invest in Egyptian real estate market.

Moreover, Shoukry stated that investors need more information and inquiries about ways of participating in executing projects not only announcing number of large investment projects.