NEA has exclusive right to announce results, not polling stations    What do experts think about celebrations in front of polling stations?    Egyptians cast votes on last day in referendum    Oil jumps to $73.60 as US announces return of sanctions on Iran    Egypt's Sisi to host Sudan, Libya summits on Tuesday    Egypt's Sisi meets Sudanese head of National Intelligence and Security    250 archaeological missions from 25 countries work in Egypt: Minister    Iran says ready for US waivers end, as Guards threaten to shut Hormuz    CIB-Egypt establishes representative office in Ethiopia    Saudi security forces arrest 13 accused of planning attacks: SPA    Egypt, Somalia seek bilateral cooperation    Bundesliga: Bayern Munich turn the screw in a reminder of champions past    The main differences between Catholics and Protestants    Spring Affair Returns for Second Season of Shopping, Charity    Tod's bring back Alber Elbaz to Fashion Scene    President instructs enhancement of MSMEDA activities    Karlovy Vary to honour cinematographer Vladmir Smutny    Youssef Chahine remembered at Karlovy Vary    Cannes festival reveals short film collection    Voting in 3rd day of referendum on constitutional amendments going on normally, says NEA    Volume of trade exchange between Egypt, China jumped to USD 13.8 bn in 2018    Silva wants Everton to push on after victory over Man United    Egyptians cast ballots in 3rd and last day of referendum voting    Palace have no intention of selling 'happy' Zaha, says Hodgson    Young confident misfiring Man United will be ready for City    Trade exchange between Egypt, Tunisia to increase to $500m    Airstrikes hit Tripoli, Mitiga airport reopened    Al-Sisi receives Abbas, voices support for Palestinian legitimate rights    Egypt considers establishing freight, maritime transport company with Africa    Cairo Copts celebrate Palm Sunday    Chess world champion Magnus Carlsen wants to keep winning streak going    New attack on Ebola center in Congo; 1 militia member killed    Sleep myths may hinder good sleep and health    Egypt's economy: Reining in inflation    The final draft    Towards the referendum    Sudanese demand ‘legitimate change'    Caught in the middle?    Escaping expenses    ‘I don't want sympathy'    Expected exit    Spectacular scene, favourable draw    Flight prices go sky high    Reining in inflation    Bundeli Kala Parishad troupe's Indian folk dance show at Al-Gumhouriya Theatre is a must go    Paris' Notre Dame    Screen blues    Vatican willing to offer technical know-how to help restore Notre-Dame    







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





Private sector's participation in implementation of Egypt's Vision 2030 should be increased: Cityscape
Published in Daily News Egypt on 25 - 03 - 2019

Egypt is implementing several new cities and urban communities to double the state's urban area and absorb the continuous population increase, which reflects the size of development and investment opportunities currently available in Egypt, according to Fathallah Fawzi, the general manager of the Cityscape Egypt conference.
During the opening session of Cityscape Egypt on Sunday, Fawzi said that construction and real estate investment sector contributes 16% to the GDP, of which 70% were provided by the private sector, which shows the importance of the private sector in implementing the development and investment plan of the state.
Fawzi pointed out to the importance of the idea of the general developer to implement the current urban development plan, which lifts the financial burden on the state and contributes toward the provision of more land for different categories of developers.
“The models that have been implemented according to the general developer system have already proved successful, and that full cooperation between the state and developers contributes to accelerating development rates,” he elaborated.
Fawzi praised the recent decision of the ministry of housing to return to its supervisory role in the market, where the state took the first risk to penetrate these new urban communities to encourage developers to be present in these cities.
Furthermore, he stressed that this step is a major encouragement for local and foreign investors to be present in the Egyptian real estate market. Therefore, the ministry should focus on mechanisms of regulating the market during the coming period and supporting the export of property.
He also called for the necessity of participating in more foreign exhibitions and speeding up the process of issuing real estate developers' federation law, and the expansion of partnership with the private sector.
Moreover, he urged that the participation of the private sector in the implementation of the urban development plan, Egypt's Vision 2030, should be increased and more land should be provided for developers, which is subject to the rules of supply and demand that in return they will contribute toward reducing the value of lands and thus control the cost of implementation and selling prices.
Cityscape Group Director, Chris Speller, said, "Conference delegates have been given a clear indication of the government's strategy for the sector with the creation of new cities now being of prime concern. This amounts to a green light for huge development going forward and will be a major fillip for the sector."
The opening day of the Cityscape Egypt 2019 conference saw delegates focusing on strategic industry issues with a powerful speaker line-up of leading developers, financiers, business leaders, government officials, innovators, and planners providing insights into the likelihood of shaping of the industry in the years to come. The conference also heard a call for the finance sector to respond to middle-class buyer demand by establishing a mature mortgage market, while break-out roundtable discussions homed in on tourism, hospitality and industrial investment development opportunities.
The second day of the conference will concentrate on the architecture, design, and technology which is now impacting the Egyptian sector. "Design is now being seen as a key sales element in a market of increasingly discerning buyers," explained Speller. "Delegates will explore issues which could soon see Egypt rank as a country of ambitious yet heritage-sensitive architecture and design."
The Cityscape Egypt conference comes in the run up to Cityscape Egypt – the country's largest networking exhibition on property development – which is being held at the Egypt International Exhibition Center (EIEC) between 27-30 March. Over 60 developers will be at the exhibition looking to tender competitive offerings to a market with an annual residential demand in excess of 900,000 units.


Clic here to read the story from its source.