Egypt's Minister of Housing, Mostafa Madbouly, will reveal the details of the new real estate regulations at the Cityscape Egypt Real Estate Summit, to be held at the Cairo International Convention Centre on Sept. 14-15.
According to Daily News Egypt, the acting-minister said that the conference will be a good platform for publicizing the details about the issuance of the new real estate regulations, after being reviewed and amended by the Ministry of Investment.
"We will sign a memorandum of understanding with the Ministry of Investment to apply the one-stop-shop system in the New Urban Communities Authority (NUCA), to make it easier for investors and speed up administrative procedures," Madbouly said.
The Cityscape conference will be help to present the vision and details of the growing and promising opportunities in the Egyptian real estate market, and present the giant development projects that are currently being executed. It will be attended by 400 participants, including stakeholders, and decision makers. The conference aims to attract local and international stakeholders who are eager to follow up on updates regarding the government's vision for real estate sector in Egypt.
In a report from the Cairo Post, Madbouly will be joined by Minister of Investment Ashraf Salman, and Minister of Supply and Internal Trade Khaled Hanafy in the interim government, who will demonstrate the latest industry strategies adopted by the government for real estate development. In addition, more than 50 experts representing major companies and institutions from inside Egypt and abroad will be present at the conference.
The Egypt Real Estate Summit will end at 1 p.m. Wednesday, just ahead of the opening of the Cityscape Egypt Exhibition which will take place from Sept. 16-19 at the Cairo International Convention Center.
This will be the 5th Cityscape conference. Daily News Egypt reported that over 500,000 real estate professionals and investors from over 160 countries have attended Cityscape events.
