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Housing Minister sponsors 2nd Think Commercial round-table - Daily News Egypt

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Housing Minister sponsors 2nd Think Commercial round-table

Round-table to tackle boosting real estate investments in Egypt on 27 August

The second edition of the Think Commercial round-table will be held on 27 August under the title “How can real estate become attractive for investment and tourism.”

The meeting will tackle the mechanisms of marketing touristic properties, to exploit the tourism boom witnessed in Egypt, in a way that stimulates Egypt’s real estate market sales.

The table will be held under the patronage of Minister of Housing, Utilities and Urban Communities Assem El Gazzar and General Authority for Investment and Free Zones (GAFI).

The round-table, organised by Media Avenue companies which specialise in organising conferences. It will see the presence of major real estate developers that are specialised in touristic properties in coastal areas, in addition to the investment, mortgage, economic, and commercial experts concerned with the sector, alongside government officials and parliament members.

Moreover, the round-table aims to develop new ideas and proposals to promote tourism projects marketing and increase the number of tourists coming to Egypt.

It also will present Egypt’s opportunities to have a larger global share of real estate sales to foreigners, high competitiveness of the local currency against foreign currencies. Furthermore, the attractiveness of Egypt’s real estate prices, compared to prices in neighbouring countries or other foreign countries.

Specialists and investors will be presenting the real situation of touristic real estate market, the challenges that developers are facing currently, the changes in policies of companies in terms of property sales to foreigners, and the competition between real estate developers of this kind of projects during this period.

Additionally, discussion on the possibility of launching a global marketing platform for Egyptian properties, connecting real estate and tourism companies with foreign companies and marketing agencies in countries with high tourist arrivals to market touristic projects.

Moreover, the round-table will discuss ways of benefiting from government support for selling and marketing Egyptian property to foreigners and the possibility of providing mortgage finance to foreign buyers.

Accordingly, the round table’s discussions will include ways to benefit from Egyptian Commercial Service offices and EgyptAir offices abroad, in promoting real estate and touristic projects in Egypt.

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