The first roundtable in Egypt on non-residential real estate projects, including commercial, medical, and administrative, on 20 March, titled ‘Think Commercial' at the Nile Ritz Carlton hotel, under the sponsorship of the Minister of Housing and Urban Communities, Assem El Gazzar. The roundtable discussion will be attended by the Deputy Minister of Housing for National Projects, Khaled Abbas, and several developers specialised in this field. The discussion is organised by Media Avenue will be seeing the presence of major non-residential real estate developer companies, real estate investment, and funding experts, government officials, and parliament members. The discussions will be addressing the mechanisms of organising and developing non-residential real estate projects in Egypt, as well as the universal standards for the land areas of these projects, in addition to the technical conditions for the success of retail, medical, and administrative projects. Specialists and investors will be reviewing the reality of non-residential real estate as well as the challenges developers are currently facing, in addition to the changes that have occurred to the company policies. Think Commercial aims to shed the light on the developmental side and encourage investment which non-residential sectors contribute toward creating more projects that achieve revenues. Speakers will also be discussing activating the law organising the process of opening commercial and administrative activities in residential real estate buildings, and the criteria by which the success of the project will be measured, in addition to the variety in the target clients' segment for each project, based on the studies held before implementation. The sessions will be discussing the demand and supply in the commercial buildings sector, as well as the advantages of dealing with the concept of these buildings and the basics of pricing, in addition to an individual's share of commercial areas across the country compared to surrounding countries. The meeting will also be discussing the pricing process of malls after applying the value-added tax on their contracts.
