The fifth edition of Think Commercial roundtable, organised by Media Avenue, will be held on 14 July at Cairo's Ritz-Carlton Hotel, where it will discuss the affairs and developments of the real estate market. The roundtable will take place under the title "Opening of the New Administrative Capital and a New Vision for Real Estate". It comes in conjunction with the Egyptian Government's preparations to move to the New Administrative Capital (NAC) in the near future. Since the beginning of its development process, the NAC has been seen as a model to be emulated in the development of a new generation of cities that the Egyptian Government aims to implement. The roundtable will review the developments of the NAC, and its readiness to receive the government. It will also look at the full living experience of citizens who bought units in projects in the development. The discussions will be attended by officials from: the Ministry of Housing, Utilities and Urban Communities; the Ministry of Tourism and Antiquities; the Ministry of Youth and Sports; the Administrative Capital For Urban Development company (ACUD); and real estate developers implementing projects in the city. The roundtable will also present the experiences of real estate developers in the NAC, how they succeeded in developing their projects and the methods they followed to achieve their goals. This is in addition to a presentation of engineering consultants' vision for the project, and its future. Discussions will be presented about the investment opportunities offered by the ACUD, and their impact on the real estate market in terms of supply and demand. Additionally, the discussion will look at how the project is attracting local and foreign investments, as well as the emergence of new real estate developers who started their experience in real estate development at the NAC. During the Think Commercial 5 roundtable, a number of real estate developers will present their vision for the real estate market and how to ensure it becomes more disciplined, efficient, competitive, and meets the requirements of consumers. It will present developer proposals to organise the market, their initiatives in this regard, and their vision of the effects of recent government decisions. This includes the prohibition of selling land in new cities except to real estate development companies, and its impact on the supply and demand process in the market and price levels. With the renewed presidential initiatives to activate real estate finance, discussions will be held on activating the mortgage market from banks and specialised companies, and the impact of the initiatives launched in this context.
