Invest-Gate Explores Key Government Incentives Driving Lucrative Real Estate Investment Opportunities
Fathy Elsayeh and Eman Elwasly
In continuation of its series of successes in the Egyptian real estate market, Invest-Gate will hold the 20th edition of its roundtable, and the third in 2023, titled “Unveiling Government Incentives for Lucrative Real Estate Investment Opportunities”. It is taking place in cooperation with the Egyptian Businessmen Association (EBA), on Monday, November 13, 2023, at 9 a.m. at the Nile Ritz-Carlton Hotel, in the Alf Leila We Leila Ballroom.
The roundtable highlights the government’s recent efforts to support the real estate sector, as the sector receives great attention from the state as it is one of the pivotal sectors of the Egyptian economy.
Hence, the Egyptian government issued several decisions and initiatives in 2023 intending to revive as well as maintain the continuity of activity and momentum in the real estate sector, which has felt the impact of recent economic crises.
Discussions at the roundtable will revolve around the government’s mechanisms for facilitating real estate financing, its efforts to export real estate abroad, and the laws it approved to attract foreign investment and provide foreign currency, in addition to providing facilities to investors to mitigate the consequences of liberalizing the local currency exchange rate on the sector.
The roundtable is divided into two main sessions: “Government Facilitations and Incentives” and “Tools for Overcoming Crises.” Eng. Fathallah Fawzy, Vice Chairman of the Egyptian Businessmen’s Association and Chairman of the Real Estate Development and Contracting Committee, will moderate both sessions.
Prominent real estate experts and industry leaders will participate in the roundtable, including D.Eng. Waleed Abbas, Deputy Chairman of The New Urban Communities Authority for Planning and Projects (NUCA); Mr. Mohamed Selim, Research Manager and Supervisor on Risk and Indices Departments at The Egyptian Exchange; Dr. Ahmed Shalaby, President & CEO of Tatweer Misr and Chairman of Egyptian Real Estate Council; Eng. Hisham Shoukry, Chairman of the Real Estate Export Council; Eng. Tarek Shoukry, Chairperson of the Real Estate Development Industry Chamber and Deputy of the Housing Committee in the House of Representatives; Mr. Emad Saad Hamouda, Member of the Housing Committee in the House of Representative; Dr. Hashem El Sayed, Chairman of ODIN Investments and Executive Chairman of Egyptians Real Estate Fund; Eng. Waleed Mokhtar, CEO of IWAN Developments; Eng. Mohie Farag, Chairman of Upwyde Developments; Mr. Hassan Nasr, Gates Developments CEO; Eng. Ahmed Amin Massoud, Menassat Developments Chairman; Eng. Alaa Fekry, Chairman of BETA Egypt for Urban Development and a board member of the Real Estate Investment Division; Eng. Bedeir Rizk, CEO of Paragon Developments; Eng. Mohamed Al-Taher, CEO of Saudi Egyptian Developers; Mr. Ahmed Sherif, Country Manager at Prime Properties Egypt; Ms. Maha Abdel Razek, CEO of Misr Real Estate Assets Management; Mr. Ayman Abdel Hameed, Vice Chairman and Managing Director of Tameer for Mortgage Finance (Al Oula); Eng. Waleed Morsy, Chairman of DCI Plus Architects Office Consultant; Eng. Tarek Bahaa, CEO of MENA Real Estate Development Consultancy; and Mr. Mohamed Al Husieny CEO of Ethmar.
The roundtable aims to foster a diverse exchange of views on the significance of government facilitation and incentives, their role in attracting investment opportunities, mechanisms to promote real estate exports, legislative amendments to facilitate foreign ownership, and the potential launch of a real estate stock exchange to support exports and attract foreign investments.
Additionally, discussions will cover recently approved investment laws, amendments to investment law(s), the government’s plan to attract foreign direct investment, and the provided facilities for developers and the contracting sector, such as project implementation timelines, bank facilities, and land acquisition assistance.
The roundtable will also address the implementation of the Unified National Real Estate ID Law and the green urbanization project, including its goals, the designated area for implementation, and government efforts to enhance green spaces in various cities across Egypt.
The roundtable is sponsored by Upwyde Developments, Gates Developments, and Menassat Developments. The media partners are Aleqaria, Al-Borsa newspaper, Daily News Egypt, Al-Gedaan Real Estate, Elly Bana Misr program, Aqarmap, Osoul Misr magazine, Bloom portal, Property Plus, Al-Bawaba Al-Aqaria website, and Aqar Masr program.
