The session witnessed the participation of senior officials, developers, and industry experts, along with members and chairpersons of Real Estate Export Council and Real Estate Development Chamber at Federation of Egyptian Industries.
Participants discussed key investment opportunities available in regional and international markets, reviewed the latest real estate investment tools, and explored ways to regulate the market and achieve a balance between supply and demand—aiming to strengthen the sector’s appeal to both local and foreign investors.
Tarek Shoukry, Chairman of Real Estate Development Chamber at Federation of Egyptian Industries and Deputy of Housing Committee in Parliament, highlighted the importance of establishing an association to represent real estate developers and regulate competition among them through an official law.
Shoukry called for creating a specialized department within the Ministry of Housing to oversee land sales and ensure a balance between supply and demand.
He further explained that proper regulation and market supervision would enhance the reputation of real estate investment in Egypt, stressing the strength of the market and its ability to sustain and achieve significant success despite challenges.
For his part, Diaa El-Din Farag, Chairman of Hometown Developments, highlighted the importance of government facilitations to support and regulate the real estate sector, making it more attractive to both local and foreign investors.
Farag noted that market regulation should include stabilizing land prices, adjusting financing interest rates, and simplifying licensing and ministerial approvals procedures.
He further warned that excessively long payment periods may pose future challenges, underscoring the need for careful review to ensure market stability and sustainable success.
Mohamed El-Bostany, Chairman of Association of Real Estate Developers (arD), explained that regulating real estate market has become a necessity to unify the relationship between the state, developers, and clients.
El-Bostany emphasized the need to classify developers, establish an investment map that identifies market needs and suitable project locations, accelerate legal procedures, and enforce the Real Estate Developers federation Law.
Meanwhile, Eng. Hesham Shoukry, Chairman of Real Estate Export Council, highlighted the state’s growing focus on property export due to market resilience and the presence of strong developers despite the lack of a fully structured real estate development industry.
Shoukry noted that property registration in Egypt is still incomplete and underlined the need for market organization through clear legislation, effective oversight, and digital platforms. Such measures, he explained, would build investor confidence, attract local and foreign capital, ensure sustainable growth, stabilize the market, and support the national economy.
Eng. Ahmed Fekry, Chairman of Contact Development, emphasized the state’s strong interest in the real estate sector, particularly in property export, attracting foreign investment, and addressing the housing gap. He noted that the sector continues to face key challenges, including exchange rate volatility and high interest rates, urging a reduction in rates to support development efforts. He further highlighted the importance of market regulation through digital platforms such as “The Official Egyptian Real Estate Platform,” while encouraging broader participation from multiple parties in sales and marketing to foster fair competition and ensure unified offerings.
Ayman Amer, General Manager of SODIC, stressed the need for the state to restructure the real estate market, given its contribution of 20% to GDP, in a way that enhances growth and encourages investment.
Amer said that the real estate market requires adjustments in land pricing and stricter brokerage regulations to better support companies and remove barriers to their operations.
Meanwhile, Ahmed El Attal, Chairman of El Attal Holding, called for concrete steps toward establishing the Real Estate Developers Federation and resolving registration issues to facilitate property export, while clearly defining the roles and responsibilities between the state and the private sector—as a regulator of the market, not a competitor.
Similarly, Ahmed Amin Masoud, Chairman of Menassat Developments, emphasized the need for a fresh perspective on the real estate sector to support its growth and overcome challenges.
Masoud proposed several solutions to advance the sector, most notably through the activation of a national ID system for properties.
Mohamed Motawea, Chairman of MG Developments, called for concrete measures to expedite approvals and permits for real estate projects, noting that this would help boost sector growth and address challenges—particularly as many companies are facing financial gaps, often launching new projects to fund older ones.
Motawea added that the real estate market needs further reforms to become more attractive to foreign investment.
Sameh El-Sayed, CEO of Heliopolis Housing & Development, underscored the importance of establishing a strong Real Estate Developers Union to pinpoint industry challenges and develop collective solutions across companies.
El-Sayed highlighted that it is in Egypt’s best interest to engage with investors, address their concerns, and create a more supportive environment for real estate development.
Abdel-Aleem Basiony, Head of the Investor Services Office in Red Sea Governorate, underlined the importance of real estate investment in supporting Egypt’s economy—whether residential, industrial, or tourism-related.
Basiony concluded that tourism investment remains a top priority in the Red Sea due to the region’s unique nature, noting that the governorate continues to coordinate closely with the Tourism Development Authority to maximize opportunities and create a favorable environment for both local and foreign investors.
