CAIRO: The Eighth Egyptian Real Estate and Investment Exhibition has been ongoing in Kuwait, showcasing real estate opportunities for investment in Egypt. The four-day event has been held at the Movenpick Hotel Free Trade Zone. Over twenty companies are participating in the exhibition. Ambassador of Egypt to Kuwait Abdulkareem Sulaiman inaugurated the event, speaking to the merits of Egyptian real estate investment and tipping his hat to continued partnership between Egypt and Kuwait. “The importance of this sector lies in its connection with many other supplying industries such as metal, cement, sand, ceramic, wood, electricity, and others. This means that the real estate sector can power many other economic sectors related to it,” the Kuwait Times quoted Sulaiman in his inaugural address. Sulaiman spoke about various plans for continued business cooperation between Kuwait and Egypt as the political situation in Egypt stabilizes. Many in the business world have moved away from Egyptian markets, fearing that their investments could become valueless as Egypt makes its way through a rocky period of political transition since the ouster of former President Hosni Mubarak last February. “Investing there is safe and has a good future. And the situation will be safer once the Egyptian Parliament is voted into power,” he noted. “I want to assure investors that any investment made will not be illegally withdrawn from any investor. There is the question of price difference in some projects, and it will be decided by the court,” Sulaiman concluded. BM
