Senior real estate stakeholders, experts, and government officials put the spotlight on the impact of mega projects on Egypt’s real estate sector at the Cityscape Egypt Business Breakfast on Tuesday. Cityscape Egypt conference is considered the industry’s benchmark for assessing substantial growth in the real estate market, and it is a positive indicator that Egypt has a promising real estate market, Egypt’s assistant minister of housing for technical affairs Khaled Abbas said. Those are the manufacturing, commercial, logistics, ports, and real estate sectors. Darwish added that the authority is currently seeking cooperation with real estate developers to develop integrated urban communities in East Port Said, Qantara, and Ain Sokhna through land partnership, noting that a number of real estate developers are hesitant to sign50-year land usufruct agreements. “The Cityscape Egypt Business Breakfast successfully kicked off the real estate conversation for 2017, providing unique insight into the sector and what to expect for the coming year,” said Tom Rhodes, Cityscape Egypt event director.

Source: Daily News Egypt January 19, 2017 10:27 UTC