Egypt opens doors to Gulf investors with new real estate initiative

Egypt’s Minister of Housing Sherif El-Sherbiny unveiled Monday a new initiative to create an investment fund offering prime land and residential units to investors from Gulf countries, part of a broader push to boost real estate and tourism development.

El-Sherbiny made the announcement during the Egyptian/Gulf Trade and Investment Forum in Cairo. The two-day forum is jointly organised by Egypt’s ministry of foreign affairs, the GCC Secretariat-General, and several investment and trade bodies.

The minister highlighted Egypt’s ongoing urban transformation, including smart and sustainable city projects, the Hayah Karima Initiative to develop rural villages, and the Housing for All Egyptians Programme, which has delivered more than one million state-supported housing units for low- and middle-income citizens.

Egypt is also developing major tourism regions such as the North-West Coast and Red Sea areas, including flagship projects like New Alamein City and Ras Al-Hekma, designed to integrate high-end tourism, residential, and infrastructure facilities. The combined investment in these projects exceeds $29 billion, according to El-Sherbiny.

“Egypt stands at a pivotal stage of national development, where urban growth, tourism, and investment converge to create a modern, sustainable, and globally competitive economy,” El-Sherbiny said.

The forum attracted regional investors, developers, and experts, and the minister underscored Egypt’s openness to foreign investment, particularly from Gulf partners, offering incentives for both real estate and hospitality projects.

Attribution: Amwal Al Ghad English