The fourth “Think Commercial” roundtable will take place on 18 August, under the patronage of Minister of Housing, Utilities, and Urban Communities, Assem El-Gazzar.
The roundtable will discuss the future of Egypt’s real estate market in light of the new reality imposed by the novel coronavirus (COVID-19) crisis.
The roundtable, organised by Media Avenue which specialises in conference management, will be held with the participation of the Ministry of Housing, Utilities and Urban Communities and a number of major real estate developers.
Taking place in the form of an online webinar, due to the current circumstances, discussions will take place on company plans to deal with market developments during 2020 as well as plans for 2021.
Previous versions of the roundtable saw official sponsorship from the Ministry of Housing, Utilities and Urban Communities, as well as a strong presence from the parliamentary figures. Leading figures and experts in Egypt’s real estate sector, as well as real estate financing, have also previously taken part.
The fourth version of roundtable will be held under the title “Real Estate Market and the Way Out of the Coronavirus Crisis”. Developers will present their vision of the market and opportunities to benefit from the changes witnessed in Egypt’s real estate sector in 2020.
Think Commercial will discuss the effects of state decisions on various economic sectors. This includes the postponement of land instalment payments by real estate companies and extending project implementation periods.
The session will also include discussions on plans by companies to deal with challenges facing the real estate sector, sales promotion mechanisms, and the facilities that can be offered to customers. This will come in addition to an outline of expansion plans in Egypt’s real estate sector in 2021.
Developers will present their assessment of the “immediate allocation” mechanism that was adopted by the New Urban Communities Authority (NUCA) in the past year to allocate land in new cities. They will also discuss the impact of the Real Estate Finance initiative, presented by the Central Bank of Egypt (CBE), aimed at middle income individuals, and its effects on the growth of corporate sales.