Prime Minister Dr. Mostafa Madbouly held a meeting to follow up on the implementation of recommendations from the Advisory Committee on Urban Development and Real Estate Export, with the participation of committee members and a number of real estate developers.
Madbouly opened the meeting by emphasizing his keenness on continuous communication with committee members, stressing the importance of regular meetings organized by the government with various advisory committees. He explained that these meetings help monitor proposed ideas and recommendations with the aim of developing targeted sectors and achieving their desired goals.
The Prime Minister pointed out that the real estate development sector is considered one of the most important drivers of Egypt’s economy, as it is linked to more than 90 diverse industries and forms a foundation for national economic growth. He added that Egypt enjoys significant expertise in this field, with the local real estate sector boasting a distinguished network of developers and a wide range of unique projects that enhance the market’s attractiveness for new investments.
Madbouly also spoke about the importance of real estate export, describing it as a key pillar in supporting the state’s foreign currency resources. He highlighted the government’s ongoing efforts to promote this direction in order to elevate the status of Egypt’s real estate market on both regional and international levels.
For his part, Counselor Mohamed El-Homsany, the spokesperson for the Cabinet, revealed that the meeting discussed several recommendations from the committee, focusing particularly on exporting Egyptian real estate to foreign markets. He noted that the New Urban Communities Authority has set forth an executive plan to achieve this through the “Real Estate Export” platform, which provides an interactive interface for investors and foreign buyers. This platform is connected with relevant authorities to facilitate purchasing and registration processes, thereby supporting the inflow of foreign currency and revitalizing the real estate market.
The meeting concluded with discussions on the necessary measures to simplify property registration procedures, alongside government efforts to streamline these processes in cooperation with various ministries—whether for Egyptians or foreigners—in order to ensure better organization and greater efficiency.
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