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Real Estate Export Council: It's time to expand the urban area to 14%

Hisham Shoukry, head of the Real Estate Export Council, said that President Abdel Fattah El-Sisi succeeded during the past seven years in establishing many residential and investment projects, as he led an extraordinary boom in the sector, noting that contracting companies made a big leap in the sector during the past four years.


He explained that it is time to move out of the area in which we live, which is estimated at 7% to reach 14%, especially that the population needs about 12 to 14% of the total area of ​​the state.


Shoukry stressed the role of the private sector in building new urban communities during the current period, and that it needs more support to expand participation during the coming period.


This came during the "Builders of Egypt" forum in its sixth session under the title "The Egyptian Experience... and a new vision for reconstruction plans in Arab and African countries", in the presence of an expanded ministerial from the Egyptian government and representatives of 25 African and Arab countries, in addition to the participation of more than 300 leaders. Executives representing major contracting and real estate investment companies, financial and banking institutions, energy and infrastructure developers.


In its current session, the recipient reviews the unprecedented urban development efforts, the development of massive infrastructure projects, and the inauguration of fourth-generation cities to build the "New Republic", in order to stimulate the export of Egyptian contracting and real estate abroad as one of the main axes of re-identification of the Egyptian economy in many markets as one of the most important emerging economies. One of the pillars that support the tireless efforts undertaken by the Egyptian state under the wise leadership of His Excellency President Abdel Fattah El-Sisi, President of the Republic, to develop relations between Egypt and its Arab and African surroundings, and the state’s constant endeavor to achieve bilateral cooperation and economic integration, and to support and revitalize inter-trade in order to create a decent life for the peoples of the region.


The forum aims to contribute to creating the interconnection between basic infrastructure, economic development and long-term sustainability in the African continent and the Middle East, starting with Egypt and its new republic, within a framework that includes government officials, developers, financiers, service providers, business development and relevant international institutions in rich discussions, and all opportunities and offers are presented. In the context of exchanging best practices through direct contact with decision makers, and reviewing the policies and strategies of countries in the region.