Registration and icebreaker

Welcoming guests

Inaugural speeches

Getting home in order from inside

The new leadership of the Ministry of Housing, under the guidance of the Engineer Minister Sherif El-Sherbiny, has been holding constant meetings in recent weeks. They are actively working to identify the updates that real estate development companies operating in the local market need to address. El-Sherbiny has met with several developers on multiple occasions to discuss strategies for promoting and collaborating within the real estate development industry. He emphasized the importance of maintaining the urban development process, viewing partners as essential to its growth and success. Additionally, he highlighted the government's efforts to enhance investment opportunities across various sectors. Additionally, recognizing its role in attracting investments to the new cities, the government aims to expand the scope of its partnership projects with the private sector. It is committed to fully supporting all forms of investment in the upcoming period, pledging to make every effort to ensure its success. The developers persist in submitting the same requests from the ministry; in fact, they have asked for more ease in registering the land that has been allotted to them, extending the licenses to operate commercial malls and administrative buildings, offering real estate developers a prompt and professional service, improving the use of the general developer, increasing the amount of industrial lands that are available to them, coordinating amongst the ministries that are involved in the industrial sector to unify the entity that the industrial developer deals with, and reconsidering land prices. The Housing Ministry has recently approved the majority of developers' requests quickly; however, there are still a few crucial issues that need to be resolved to guarantee both the delivery of units to tenants and the creation of an appropriate and ideal work environment for real estate development. With significant flexibility in promoting foreign investments, the Housing Ministry will strive to enhance various investment opportunities and attract more domestic and international capital. Session topics - What is your vision of the government's recent announcement of incentives for businesses engaged in real estate development? - Do land costs pose a problem for real estate development companies? - How can the industry get the most varied incentives possible? - What are the urgent measures that the government needs to adopt to support the real estate industry? - Are there any concerns about decreasing sales or a bubble in the local market? - How can project launch and loss prevention be accomplished through competent management? - What are the primary obstacles that developers will face in 2025?

The North Coast Has Become a Global Travel Destination

The conversation surrounding the characteristics of development in the Northwest Coast region has undoubtedly changed significantly this year due to the state's implementation of comprehensive urban development, which produced the New Alamein City, as well as the historic contract signed to develop the new Ras El Hekma City in collaboration with the Emirati company ADQ. This contract was signed at the same time that Talaat Moustafa Group Holding made its debut on the Mediterranean, and the competition among major developers to expand their portfolio of investments in the coastal strip. In order to achieve the state's tourism development goals of attracting 30 million tourists, creating nearly 2 million new job opportunities for young people, and drawing in approximately 7 million visitors, the vision for developing the Northwest Coast seeks to maximize the exploitation of the potential and capabilities of this promising region. The top 10 real estate firms on the North Coast recorded contractual sales of $331 billion in the first half of this year, according to research published by the Board Consulting. According to the report, Tatweer Misr brought in $19.1 billion, followed by Palm Hills with $28 billion and Talaat Moustafa Group with $200 billion in sales. The North Coast has a remarkable momentum in sales and demand, which strengthens its position on the global real estate investment map. The survey also revealed that average unit prices in the region ranged between 125,000 EGP and 420,000 EGP per square meter. In the North Coast region, developers engaged in fierce competition to offer the widest range of services to clients, including engineering designs and unit diversity. This rivalry even extended to the point where developers inked contracts with international companies to oversee the hotel portion of their projects. The importance of implementing modern designs to fully utilize the northwest coast of this highly promising and internationally recognized region is being discussed more and more as a result of all these factors. It is also important to guarantee that the greatest number of services are available, along with building the necessary infrastructure to make access easier for residents and customers, which will draw the greatest number of tourists to the Mediterranean. The Session Topics: - What are the essential issues that need to be covered in order to begin developing the Northwest Coast? - How can Egypt draw the largest number of travelers from the Mediterranean region? - How important is it that the North Coast region has the appropriate infrastructure? - How can different contractors, consultants, and developers benefit from the North Coast initiatives? - How can the Ras El Hekma experience be replicated in other areas of the North Coast? - What is your opinion of the recent fluctuations in the North Coast initiated as a result of the Talaat Moustafa Group's participation?

Coffee Break

Financing takes control of the Real Estate Industry

When speaking with real estate development companies, it's rare to have a conversation or debate without addressing the issue of liquidity and the funding required to start or finish various projects. The same applies to customers who have recently experienced notable rises in inflation, as they find it increasingly difficult to fulfill their contractual obligations with developers. Since financing is a crucial component of the real estate development process, there has been a lot of discussion about the negative effects it can have on developers. This has led them to look into innovative or conventional ways of managing financing, even in the face of rising interest rates and resulting financial burdens, a situation that led to the formation of alliances or merger deals between developers and other parties that possess liquidity. The liquidity issue is not distant from contracting enterprises. This year has seen a rise in contractors refusing to take on more work, citing issues with price and the scarcity of building and finishing materials. Therefore, these companies have searched for financing options that might be quite challenging, owing to them being extended by banks, while other businesses have turned to nearby regional markets to guarantee capital turnover and establish a significant revenue stream. Experts have long maintained that the most effective way to encourage real estate sales is through financing options for individuals. However, market observers have noted that the annual financing figures do not align with the reported sales volumes at the end of each year. This indicates that the local market lacks a fully functional financing mechanism, highlighting the need for urgent improvements to integrate these solutions effectively. Real estate investment funds, both domestic and foreign, have shown a genuine interest in starting projects in Egypt in the recent past. However, these funds have struggled to find the appropriate legal and regulatory framework, so they have turned to more established channels, such as corporations, to gain access to the Egyptian market. The session topics: - Does the market need several financing measures to stimulate the real estate industry? - When should we initiate the process of activating the file for real estate investment funds? - What steps can we take to create the ideal atmosphere for lending money for real estate financing? - Do loans for real estate correspond to Egypt's level of urban development? - Shortly, will the local market see novel financing mechanisms? - What are the repercussions of promoting developer offers with lengthy payback terms?

How Developers' Expanding Abroad Help Boost the Egyptian Market?

Real estate development and contracting firms have been more active in the past several years in carrying out real estate projects in neighboring nations, such as Iraq and Libya, as well as the Emirates, the Sultanate of Oman, and the Kingdom of Saudi Arabia. These foreign expansions all show how genuine and efficient Egyptian expertise in this area is. In line with these foreign expansions, the government must focus on maximizing benefits by ensuring that businesses have access to valuable resources and actively promoting the real estate export sector. By facilitating the reinvestment of overseas profits into the local market through new initiatives, businesses can contribute to economic growth. However, it is crucial to conduct thorough research before entering any new market, whether in Saudi Arabia or elsewhere in the Gulf region. Over the past few months, several local developers have announced their ambitious plans to expand into neighboring markets, including Saudi Arabia. This is a very positive development. The developers include Talaat Moustafa Group Holding, Tatweer Misr, Palm Hills Developments, Madinet Misr for Housing and Development, City Edge, Mountain View, SODIC, and Redcon Developments. These days, real estate firms are compelled to offer new and appealing products to investors and consumers. One such product is hotel apartments, which are attracting interest from overseas investors who are seeking to purchase a property outside of their own countries. The session topics: - How can we activate the real estate export file? - Do Egyptian businesses continue to expand abroad? - How can banks help contracting companies go abroad? - Do businesses wish the government to help them expand abroad? - Which are the most important global markets to which Egyptians are likely to go shortly? - Does the government need to impose regulatory constraints on businesses expanding overseas?