African champions Esperance undone by Gomis' magic move in Club World Cup    UK PM Johnson must accept another Scottish independence vote: Sturgeon    Egyptian Premier League fixtures (8th matchday)    1st phase of Sharm El-Sheikh museum construction works completed: Antiquities Ministry    A Sphinx statue uncovered in Minya's Tuna El-Gebel    In Photos: Egypt's Sisi inspects King Salman University in Sharm El-Sheikh    'Wild week' as Washington works amid impeachment    Egypt's Military Production Authority, China Poly Group Corporation to set up a tyre manufacturing plant    North Korea says it conducted another crucial test at satellite launch site    Uber launches appeal to regain London taxi license after suspension    Egypt, France discuss cooperation in transportation projects    Police brace for Catalan separatist protest during Barcelona-Real Madrid clasico    Wall Street steady as U.S., China unveil trade deal    Hezbollah wants everyone in Lebanon government, insists on FPM    Ahly inks Egypt's forward Kahraba on four-and-a-half year deal    Ex-premier elected Algerian president yet thousands march in protest    Gold prices steady as weaker dollar offsets increased risk appetite    Google reveals Egypt's top internet searches list for 2019    Oil rises in 3 months as U.S.-China deal takes shape    Insider attack kills 9 Afghan militia, officials say    Helwan University holds conference on African studies    Rain, cold temperatures expected ahead in Cairo    BREAKING: Algeria declares former PM Tebboune winner of presidential election    UK supports Egypt in developing 1st action plan on women, peace, security    'Happy Journey' play tours Egypt starting with Tanta    Protesters hang gunman in Baghdad square: Officials    Hundreds protest in central Algiers against disputed election    Egyptian Weightlifting Federation's officials referred to prosecution over doping crisis – ministry    Apple's CEO spotted sampling Singapore's foods in neighborhood market    Mohamed Salah the most mentioned football player in Egypt on Twitter    Here is the full list of Golden Globes 2020 nominations    Even being big, burly one needs his mother    Adam Sandler threatens to make ‘so bad' movie if he doesn't win Oscar    Egypt's Tahrir Square among top Reuters photos of a decade    Egypt names 16 new governors ahead of anticipated Cabinet reshuffle    Egypt's MPs back potential return of information minister post in expected reshuffle    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Cityscape Egypt Business Breakfast to weigh economic reform impacts on real estate sector
Published in Amwal Al Ghad on 15 - 12 - 2016

Experts at next year's Cityscape Egypt Business Breakfast set to weigh in on the impact of recent economic changes on the country's real estate sector
Despite global economic headwinds, Egypt is building a strong reform story for 2017 that's anchored by economic improvements under an attractive investment climate.
Over the last year, the country's economy has undergone significant changes in an effort to create a favourable climate for investors.
The effects of the International Monetary Fund's (IMF) USD 12 billion credit facility and the currency devaluationcould prove an advantage for foreign investors, with the potential to pave the way for economic growth in the country.The IMF's loan is expected to inject more money into Egypt's economy and signal confidence in the government, making Egypt more attractive to foreign investors.
Earlier this month, Egypt and China signed a currency-swap deal for about USD2.6 billion, allowing the country to shore up foreign reserves after floating its currency. The swap is part of the bilateral support Egypt secured from the IMF. According to Egypt's Central Bank, the move aims to demonstrate the vast potential of the Egyptian economy and instil confidence by bolstering economic activity.
The changes illustrate the government's commitment to adopt economic reforms at all levels to attract foreign investors and prepare for, what is expected to be, a tough year in 2017.On a positive note, foreign direct investment in Egypt has been gradually increasing and in the 2015/16 financial year reached around USD 6.84 billion, up from USD 6.38 billion in the previous year.
"As real estate investors and experts keep a close eye on the economy and the investment outlook for next year, Cityscape Egypt Business Breakfast, set to take place on January 17th at the Nile Ritz-Carlton Cairo,will deliver a high-profile platform for debate, discourse and information exchange as it addresses some of these pertinent issues," says Tom Rhodes, Cityscape Egypt Event Director.
The Business Breakfast, a prelude to Cityscape Egypt, will hone in on the core issues central to Egypt's real estate sector. It will take a close look at the status of mega-projects in the country, how the fluctuation is affecting the progress of projects, the application of smart and sustainable projects, and lessons learned from mega-project construction – in a panel discussion.
"During our Business Breakfast we want to provide an information platform for real estate investors in light of the economic changes that have taken place in Egypt," says Rhodes. "Egypt is on the cusp of economic transformation as it introduces reforms that have the potential to trigger an inflow of international investments, and this will be a boon for the country's real estate sector."
Speakers this year include: Dr. Ahmed Darwish, Chairman of General Authority for Suez Canal Economic Zone; Dr. Sherif Samy, Chairman, Egyptian Financial Supervisory Authority, Egypt; and Ayman Ismail, Partner – Chairman and CEO, DMG, Mountain View and Non-Executive Chairman, New Administrative City – S.A.E, Egypt. In addition, Craig Plumb, Head of Research at JLL UAE, will deliver a market update for Cairo with a special focus on education investment opportunities.
Following the Business Breakfast, Cityscape Egypt will take place from March 31st until April 3rd at the Cairo International Convention Centre. For visitors, homebuyers and investors attending, the exhibition will represent a unique opportunity to see all of Egypt's new and existing developments under one roof as well as to explore a wide range of fascinating international real estate projects.

Clic here to read the story from its source.