CAIRO, July 5, 2018 - Prime Minister and Housing Minister Moustafa Madbouli held a meeting on Thursday with a number of investors and real estate developers to mull efforts aimed to promote the Egyptian real estate abroad as well as partnerships in implementing housing units for the middle-income brackets. This is the second meeting to be held by the prime minister on this file in a week. The prime minister said that the property investors submitted a working paper containing proposals meant to put Egypt on the international real estate export map, according to a statement released by Housing Ministry. Madbouli said that a working team affiliated to the Housing Ministry was assigned to study means to turn plausible proposals into plans of action. The real estate investors voiced full support to the government's policy under directions of President Abdel Fattah El Sisi, asserting that the property sector is ready to contribute to the State's efforts to carry out economic reforms and increase the gross domestic product, Madbouli said. Proposals meant to promote the Egyptian real estate sector including setting up a permanent property exhibition under the sponsorship of the cabinet along with the housing ministry, in addition to launching a marketing campaign to highlight the most important real estate opportunities in Egypt, PM Madbouli added. Implementing partnerships between the ministry and the real estate investors to establish housing units on state-owned land plots for the middle-income brackets was also included in the working paper, he said.
