Engineer Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, held a meeting this morning with officials from a specialized real estate asset management and institutional development company. The discussion focused on proposals to enhance performance and maximize the utilization of assets owned by the New Urban Communities Authority (NUCA). Senior officials from the Ministry of Housing and NUCA also attended the meeting.
Collaborative Efforts to Optimize Asset Performance
At the start of the meeting, El-Sherbiny reviewed preliminary proposals and a strategic framework developed jointly by the specialized firm and NUCA’s internal team. The presentation included a detailed explanation of the core components of the proposed plan to improve efficiency and maximize the value of NUCA’s assets.
The minister emphasized the importance of a global strategy for the Ministry of Housing, which includes promoting unique projects such as the Central Business District in the New Administrative Capital to international markets. He also highlighted the need to alleviate the operational and maintenance burdens of these projects through public-private partnerships, particularly for infrastructure and large-scale developments.
Accelerating Action Plans
El-Sherbiny urged the team to finalize an actionable and results-driven plan to ensure effective management of NUCA’s assets. He stressed that the goal is to enhance NUCA’s resources and portfolio through structured and impactful collaboration between the authority and private sector experts.
The minister reiterated that any developmental efforts should align with measurable outcomes, ensuring the long-term sustainability and profitability of the authority’s assets.
Continuous Support and Strategic Meetings
As the meeting concluded, El-Sherbiny reaffirmed the Ministry of Housing’s commitment to providing all necessary support to achieve optimal performance and modernization within NUCA. He highlighted the importance of ongoing coordination between NUCA’s internal team and the specialized firm to expedite project completion and ensure that asset management strategies yield tangible benefits.
This initiative reflects the Ministry’s broader vision of leveraging partnerships and adopting innovative management approaches to unlock the full potential of public assets, aligning with Egypt’s developmental and economic objectives.