A significant meeting of the Central Policy Unit, chaired by Engineer Ahmed Abdel Razek, was held at the Sheikh Zayed City Authority to follow up on the implementation of land regularization programs and enhance the utilization of state-owned real estate assets. Senior officials from the authority and heads of several new city authorities attended the meeting.
During the meeting, discussions focused on directives from Housing Minister Engineer Sherif El-Sherbiny, emphasizing the necessity of establishing a precise timeline for completing regularization procedures. This initiative aims to stimulate investment in new cities.
The meeting reviewed the progress of regularization programs across different cities, stressing adherence to the set timeline and identifying challenges in processing status adjustment requests. Solutions were proposed to overcome these challenges and define the requirements to achieve the program’s objectives efficiently.
Additionally, mechanisms for collecting financial dues were discussed, and a quarterly collection plan was developed. A marketing strategy for investment opportunities in new cities was also outlined, emphasizing promoting these opportunities through official platforms.
The meeting also covered the timeline for completing infrastructure works on regularized lands to attract investors. Incentive proposals, including flexible payment facilities, were examined. Furthermore, uncollected files from previous authorities were identified, with coordination set in motion to expedite their handover and ensure the smooth implementation of regularization procedures.
The heads of new city authorities reaffirmed their commitment to executing the issued directives and preparing periodic reports to track progress. Continuous coordination was emphasized to address any obstacles.
After the meeting, the Central Policy Unit was instructed to oversee the implementation of the set timelines and submit regular progress reports. This meeting reflects the government’s dedication to achieving sustainable urban development, enhancing real estate investment under a comprehensive strategic vision, efficiently managing resources, increasing investment opportunities, and strengthening the national economy.
