CAIRO – 8 May 2024: Prime Minister, Mostafa Madbouly, key government officials met to discuss the development of real estate export initiatives and the activation of real estate investment funds. He highlighted the recent interest from Gulf countries' citizens in purchasing Egyptian real estate and emphasized the role of real estate development companies and exhibitions in promoting this unique offering. It reviewed several legislative, regulatory, and administrative aspects related to real estate investment funds. Representatives from the Egyptian Real Estate Investment Fund and other stakeholders participated in the discussions, resulting in agreements on various legislative and administrative amendments that aim to activate the role of real estate investment funds. These amendments aim to encourage investment in real estate funds and enhance their effectiveness in promoting real estate investment.

Source: Egypt Today May 08, 2024 18:16 UTC