Mohamed Al-Husseini: Urban development in Egypt has opened the doors to Gulf investment

Engineer Mohamed Al-Husseini, a real estate expert, confirmed that the urban development projects witnessed in the Egyptian market, and the establishment of new cities, the implementation of development projects witnessed in Egypt, opened a way for Egyptian companies to enter the Gulf market.

Export of real estate

Al-Husseini explained, in press statements, that the Egyptian-Gulf partnership will work to develop the real estate export file, pointing out that the implementation of new cities and the development of infrastructure in Egypt has led to making Egypt a distinguished investment destination in the region for Gulf investors, which contributes to increasing the flow of capital and investments. Real estate from the Gulf countries to Egypt.

Al-Husseini stated that the development of urban projects and new cities undoubtedly enhances economic cooperation between Egypt and the Gulf countries.

He said that Gulf nationals have experience and skills in the field of real estate investment and urban development, and they can exchange knowledge and experiences with Egyptian companies and developers in this sector. Economic cooperation provides opportunities for technology, innovation and the exchange of successful practices between the two countries.

Advantages of new cities in Egypt

Al-Husseini added that the new cities in Egypt provide a variety of real estate projects, including residential, commercial, industrial and tourist units, and perhaps this is what enables Gulf investors to benefit from this diversity to diversify their investment portfolio and achieve sustainable financial returns.

He added that facilities and incentives must be provided to Gulf investors to encourage them to invest in new cities in Egypt, including financing facilities from banks and financial institutions, as these facilities will help reduce the financial burden and achieve a better investment return for investors.

Real estate agents

Al-Husseini continued that for the idea of Egyptian-Gulf integration in the field of real estate investments to succeed, this must be done according to a set of steps related to research and careful study of the real estate market in Egypt and the Gulf countries.

 This is in addition to exploring areas that enjoy strong population and economic growth, analyzing the expected financial returns and potential risks, with the need to cooperate with local consultants with experience in the real estate market in Egypt.

This may include real estate agents, lawyers, and financial advisors who possess specialized knowledge of the local market and the laws and procedures necessary for investment, as well as communication with government agencies concerned with investment in Egypt, such as the New Urban Communities Authority and the General Authority for Investment and Free Zones.

The renaissance of the real estate sector in Egypt

Al-Husseini concluded his speech by saying that the real estate sector in Egypt has witnessed an unprecedented renaissance on all paths, which prompts real estate companies and real estate developers in the Gulf to enter the Egyptian market forcefully to benefit from the development boom achieved in all economic sectors.

He noting that the Egyptian real estate market is close to the Saudi market. For example, it can enter more extensively into real estate projects in a way that achieves the common goals of the desired Gulf integration. Also, achieving Egyptian-Gulf integration in the urban development sector may undoubtedly be reflected in accelerating the pace of joint economic integration and diversifying partnerships between the private and governmental sectors in the real estate development sector between... Egypt and the Gulf countries according to common development visions.

He stressed that Egypt now has competencies and experience in the field of real estate development extending over many years, which qualifies it to strongly enter into successful bilateral economic partnerships with the Gulf countries, which will result in mutual and fruitful benefits for all parties.