Deputy Minister of Housing Abdel Khalek Ibrahim said Egypt and Oman share closely aligned national development goals centred on sustainability, urban regeneration, and balanced growth. He noted that both Oman Vision 2040 and Egypt Vision 2030 aim to harmonise heritage and modernity — an approach reflected in Egypt's New Capital and Oman's Sultan Haitham City. Speaking at the "Oman–Egypt: Land of Opportunities" conference, Ibrahim stressed that advancing the real estate sector requires deeper strategic partnerships with Arab countries, particularly Oman. He recalled that formal cooperation began in 2022 with the signing of a joint protocol, followed by a series of reciprocal visits to strengthen bilateral coordination. The core objective of this partnership, he said, is to stimulate Omani investment in Egypt while supporting Oman's strategic ambitions by providing Egyptian expertise in real estate development, urban planning, and sustainability. "We are offering investment opportunities in the New Administrative Capital, Cairo, the North Coast, and Red Sea cities," he added. "These include residential and tourism projects, alongside logistics and industrial services. We are also seeking partners to operate projects that have already been implemented." Ibrahim highlighted that Egypt has accelerated the development of sustainable and smart cities, while Oman is advancing its own sustainable model through Sultan Haitham City. He revealed that Egypt is currently preparing a strategic masterplan for Khedival Cairo and Islamic Cairo, accompanied by new investment packages aimed at unlocking further opportunities. He noted that the ministry is carrying out structural reforms to streamline project tendering and facilitate foreign investment. These include enhanced governance systems, new institutional frameworks for major developments, and special regulatory mechanisms designed to attract additional international investors. Ibrahim also announced that the two countries are studying the establishment of a joint investment portfolio to support integration in the real estate and development sectors, generating added value for both sides. He called for an annual Egypt–Oman conference to promote knowledge exchange and improve the business climate. He emphasised that Egypt is implementing an advanced model of project governance designed to ensure long-term sustainability through new frameworks and flexible regulations. This model aims to attract both local and international investment, strengthen the sector's export capacity, and expand inflows. Ibrahim added that Egypt's significant infrastructure transformation in recent years has created a strong foundation for new development and opened promising opportunities for investors. He affirmed that the partnership between Egypt and Oman represents a comprehensive model of regional cooperation that can be expanded to attract further investment and support sustainable development. He concluded that the coming period will see increased momentum in real estate and housing projects, driven by policies to enhance governance, encourage investment growth, and open new markets for Egyptian and Omani companies.
