The launch of the first "Government & Developer: A Partnership for Development" summit in Egypt is set to take place on 19 April; according to a statement from Excellent Communications; the agency launching the initiative. The summit will be held under the auspices of the Egyptian Financial Supervisory Authority (EFSA), the Ministry of Housing, and the Egyptian Federation for Construction & Building Contractors (EFCBC), as well as the Egyptian Exchange (EGX). It is entitled "The new Egyptian experience for reconstruction". Further, the attendance of 300 executive leaderships from major real estate investment companies is expected at the summit. The event aims to bring together state and private sector representatives, with its main target being raising the issue of the private sector participating in the state's mega projects and shedding light on this area's future. Private sector participation in mega projects in the sectors of housing, agriculture, energy, transportation and others are set to be discussed, whereby the event will also highlight the means by which private-public partnerships (PPPs) could be encouraged through clarifying how investors can easily operate projects without facing any setbacks. A number of Memoranda of Understandings (MoUs) in the real estate sector have been signed between the state and the private sector during Egypt's March Economic Summit that was held in Sharm El-Sheikh. The Partnership for Development Summit will review and analyse these projects, which include the new administrative capital, as well as commercial, residential and administrative real estate projects in all governorates. The event will further shed light on banks and their role in funding real estate projects, as well as the part investment banks play in backing real estate companies in issuing portions of their shares in the EGX. Focus will also be directed towards the real estate market's need for new financing mechanisms for attracting foreign and gulf investments in this area. Questions concerned with the mechanisms for forming partnerships between the government and investors, as well as the size of lands to be attached or made available for investors, are expected to be answered during the summit. Source: Daily News Egypt
