Minister of Housing Meets with Investors in 10th of Ramadan City to Boost Development

Engineer Sherif El-Sherbiny, the Minister of Housing, Utilities, and Urban Communities, held a meeting with the President and members of the Investors Association in 10th of Ramadan City. The meeting aimed to discuss the investors’ requests and proposals to accelerate development in the city. Also present were Engineer Amin Ghoneim, Vice President of the New Urban Communities Authority for Development and Urban Sector, Dr. Hassan El-Shorbagy, Vice President of the Authority for Real Estate and Commercial Affairs, and other officials from the authority.

The Minister underscored the importance of enhancing the role of investor associations in new cities, highlighting them as key partners in urban development. He reiterated the Egyptian state’s commitment, through the Ministry of Housing, to provide investment opportunities across various sectors using diverse mechanisms that cater to different investor categories. This approach aims to foster a conducive investment environment to drive growth in multiple sectors within new cities.

Minister El-Sherbiny assured that the Ministry, the New Urban Communities Authority, and city agencies are ready to offer full support to the investor associations. He announced the formation of a committee led by the Vice President of the Authority for Development and Urban Sector, including members such as the Presidents of Investor Associations in new cities or their representatives, city authority heads or their deputies, and relevant experts. The committee’s goal is to collaborate on solving issues and ensuring sustainable development in these cities.

During the meeting, the minister listened to the inputs of the President and members of the Investors Association in 10th of Ramadan City. They presented several requests and proposals and expressed their gratitude to Minister El-Sherbiny for taking the time to meet with them and hear their concerns.