Egypt's Minister of Housing Sherif El-Sherbiny said on Sunday that rising regional tensions are presenting Egypt with a strategic opportunity to accelerate its real estate investment and coastal urban development plans, positioning new cities like New Alamein as engines of growth and investment. Speaking at the ministerial session of the Builders of Egypt Forum, Minister El-Sherbiny outlined a national plan that aims to attract foreign investment, export Egyptian real estate, and transform coastal cities into secure, sustainable hubs. "Egypt's coastal urban centres will play a critical role in driving investment and implementing major national projects," he said. Minister El-Sherbiny detailed several pillars of the government's strategy, including new land investment mechanisms, the formation of regional investment partnerships with the UAE and Saudi Arabia, and steps to market Egyptian real estate to international buyers. This includes launching a specialised investment committee, coordinating with the Ministry of Justice on streamlined ownership procedures for foreigners, and introducing a unified property identification number and national property database. A key part of the plan is positioning New Alamein City as a flagship investment hub. The minister announced the launch of a digital platform, Expo Alamein, to promote opportunities, and said real estate investment portfolios will be rolled out over the next eight months. The government will activate the city's Real Estate Registration Office on July 1 and plans to develop an entertainment district, conference venues, wellness projects, and an industrial zone covering 15% of the city's land. Around 40,000 residential units will also be constructed under the "Housing for All Egyptians" programme to provide affordable homes. Minister El-Sherbiny added that a licensing system for real estate digital influencers is also being introduced to better regulate marketing activities, alongside plans to create a national unit for real estate market governance and a dedicated real estate export unit. "The time is right to transform Egypt's coastal cities into sustainable urban centres that can attract regional and global investment," Minister El-Sherbiny said. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
