Invest-Gate Releases Official Recommendations from its Roundtable “Proptech Innovations: Shaping the Future of Real Estat”
By Fathy Elwasly and Eman Elwasly
Invest- Gate has kicked
off it
third roundtable “Proptech Innovations: Shaping the Future of Real Estate” in 2024 on Monday, September 9th at the Nile Ritz-Carlton.
Taking a deep dive into the world of digitalization and the endless possibilities of cutting-edge technological solutions, this engaging discussion sought to explore the unlimited potential that proptech can offer Egypt’s growing and swiftly developing real estate market as it seeks to become more globally competitive.
Divided into two separate sessions, the entire roundtable was moderated by Mr. Amr Elkady, Founder & Managing Director of AKD Advisory and Board Member of Egypt’s Real Estate Export Council, and witnessed the presence of an elite group of senior officials, business executives, and experts:
Session 1 included Eng. Khaled Abbas, Chairman and Managing Director of Administrative Capital for Urban Development (ACUD); Eng. Bedeir Rizk, CEO of Paragon Developments; Eng. Abdallah Sallam, President and CEO of Madinet Masr; Eng. Ahmed Mansour, CEO of Cred; Mr. Ahmed Abdallah, Vice Chairman of REDCON Properties; Mr. Karim Zein, CEO of Coldwell Banker; Dr. Karim Shaalan, CEO of Royal Developments; Mr. Alaa Elsayed, CEO & Founder of Voom; Eng. Ahmed Kadri, CEO of SAK Developments; and Eng. Mohamed Eslam, Managing Director of Ebny Developments.
Session 2 included Eng. Bedeir Rizk, CEO of Paragon Developments; Eng. Abdallah Sallam, President and CEO of Madinet Masr; Mr. Ahmed El Alfi, Founder & Chairman of Sawari Ventures; Eng. Ramy Moustafa, Vice President of Buildings and Transactional Business at Schneider Electric Northeast Africa and Levant; Mr. Walid Hassouna, Founder & CEO of valU; Eng. Mohammed Azmy Ateia, Director, Smart Cities at Orange Egypt; Ms. Zeina Mandour, Venture Investments Manager at Dar Ventures; Mr. Abdel-Azim Osman, Co-Founder & CMO of Nawy; and Mr. Mostafa El-Nahawy, Co-Founder and CEO of BirdNest.
Discussions concluded with the following recommendations:
1. Align real estate’s digital transformation with government initiatives
2. Promote transparency and data accessibility between public and private sectors
3. Support proptech startups through real estate incubators
4. Expand blockchain use in real estate transactions
5. Develop advanced infrastructure to support new technologies
6. Incentivize sustainable solutions from proptech firms
7. Promote international knowledge exchange in proptech
8. Create digital platforms within real estate companies
9. Utilize VR technology to improve real estate sales processes
10. Educate brokers on data-driven client services
The sponsors of this roundtable included Paragon Developments (Official Sponsor), Madinet Masr (Platinum Sponsor), Cred (Platinum Sponsor), Royal Developments (Gold Sponsor), BirdNest (Delegates Bags Sponsor), Voom (Registration Desk Sponsor), Ebny Developments (Silver Sponsor), SAK Developments (Silver Sponsor), Proptex (Silver Sponsor), and Schneider Electric (Silver Sponsor).
Media partners included 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.
