Engineer Sherif El-Sherbini, Egypt’s Minister of Housing, took part in the opening of the 5th Real Estate Conference organized by Akhbar Al Youm Foundation, titled “The Future of the Real Estate Industry – Challenges – Development – Investment.” The event was attended by several ministers, governors, and real estate experts. In his speech, El-Sherbini praised the role of the conference as a platform bringing together industry leaders and decision-makers, expressing his gratitude to the organizers for what has become a landmark event in Egypt’s urban development sector.
The minister emphasized that the theme of the conference, “The Future of the Real Estate Industry – Challenges – Development – Investment,” accurately reflects the current status of Egypt’s real estate sector and its aspirations for a balanced urban future. He stressed that global and regional changes require a rethinking of how this vital sector is managed. He further noted that the challenges are not only domestic but also tied to global shifts that affect markets, such as fluctuations in raw material prices and rising construction costs. These issues necessitate a reformation of real estate and financing policies to ensure a balance between the rights of investors and citizens.
Minister El-Sherbini affirmed the importance of updating real estate legislation to keep pace with market changes, ensuring a fair and investment-friendly legal environment. The Ministry has begun reviewing procedures and regulations to simplify land allocation and licensing processes, while also strengthening the relationship between the state and investors. He also highlighted the crucial role of public-private partnerships in achieving sustainable urban growth, asserting that the private sector is a key partner in development. The Ministry also aims to support local industries related to real estate to boost integration between urban development and national industry.
In conclusion, the Minister affirmed that building a modern real estate sector is a core objective of the state, as it contributes to economic development, job creation, and improving citizens’ quality of life. He called on all stakeholders to actively participate in advancing the sector through actionable visions. At the end of the event, Minister Sherif El-Sherbini was honored in recognition of his efforts and was selected as one of the top 10 government officials in the real estate field by Forbes Middle East magazine.