Cityscape Egypt kicks off with high-level steering committee for Egypt Real Estate Summit
Arab Finance: Cityscape Egypt 2025 kicked off with the formation of a high-level steering committee, which held its inaugural meeting on May 6th in the New Administrative Capital.
The committee convened senior government leaders to discuss investment strategies and opportunities across Egypt.
This step paves the way for a structured dialogue in line with national priorities that meet market needs and define the strategic roadmap for the Egypt Real Estate Summit 2025, scheduled for September.
Serving as the central decision-making body for the summit, the committee ensures it delivers policy-relevant outcomes to advance one of Egypt's most critical economic sectors.
It is set to support long-term collaboration among ministries, regulators, investors, and developers, enabling cross-sector investment beyond just real estate.
Key members of the committee include Khaled Abbas, Chairman and Managing Director of Administrative Capital for Urban Development, Hossam Heiba, President of the General Authority for Free Zones and Investment (GAFI), and Fathallah Fawzy, Chairman of MENA for Real Estate Consultancy.
This is in addition to Shaimaa Shousha, General Manager of the Strategic Department at the Industrial Development Authority (IDA), and Mohamed Raghad, Environment Department, Tourism Development Authority.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
8 minutes ago
- Zawya
Egypt's chemical, fertilizer exports rise 18% in 4M 2025, reaching $3.14bln
Egypt's Chemicals and Fertilizers Export Council has reported an 18% year-on-year increase in sector exports during the first four months of 2025, with total exports reaching $3.14bn—up from approximately $2.73bn during the same period in 2024. Fertilizers led the sector's performance, generating $961m in export revenue, followed by plastics and polymers at $723m. Petrochemicals ranked third with $602m but recorded the highest growth among sub-sectors, surging 58% compared to the previous year. Turkey emerged as the top importer, purchasing $437m worth of Egyptian chemical and fertilizer products. It was followed by Italy ($396m), Spain ($187m), and Brazil (around $184m). Regionally, the European Union remained the largest export destination, accounting for 42% of total exports. Arab countries followed with 22%, and Asian markets with 16%. Khaled Abou El Makarem, Chairperson of the Chemicals and Fertilizers Export Council, said the divs reflect the sector's resilience and sustained growth despite global economic and geopolitical challenges. He emphasized the need to enhance the competitiveness of Egyptian products and accelerate market diversification—especially in Africa and Latin America. He added that the upcoming implementation of a new export subsidy rebate program in the second half of 2025 is expected to further stimulate the sector, helping achieve the Council's target of surpassing $9bn in total exports by year-end. Executive Director Mohamed Magid echoed these sentiments, highlighting the sector's strong performance as a testament to its ability to maintain momentum under pressure. He noted that the first-quarter results are a positive indicator of the global competitiveness of Egyptian products, despite ongoing regional conflicts and global economic headwinds that have disrupted fertilizer and petrochemical production worldwide. Magid also underlined the importance of developing industrial value chains and expanding specialized industries to further strengthen Egypt's export capabilities and support the state's broader goals for industrial and trade development. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Zawya
8 minutes ago
- Zawya
Egypt: Better Home Group completes Midtown Solo delivery in New Administrative Capital
Egypt - Better Home Group has announced the official delivery of its Midtown Solo project in Egypt's New Administrative Capital, marking its second successful development in the city after Midtown Villa. The milestone was celebrated during a site visit attended by Khaled Abbas, Chairperson of the Administrative Capital for Urban Development (ACUD), and Ahmed Fahmy, ACUD's General Manager. Abbas praised the high standards of execution and design at Midtown Solo, describing it as a reflection of the premium quality envisioned for the New Capital. He reaffirmed ACUD's ongoing commitment to supporting serious developers and accelerating progress on this national megaproject, which stands as a pillar of Egypt's 'New Republic' vision. Midtown Solo features fully serviced standalone villas, targeting a high-end clientele. Abbas confirmed that 95% of infrastructure works for the project's first phase have been completed, with final utility connections pending developer compliance with technical specifications. He also noted that landscaping and main roadworks across the R7 district are progressing in phases and will be completed soon. Fahmy highlighted that Midtown Solo is Better Home's second project to be delivered in the New Capital, and lauded its architectural quality and integrated services. He stressed that such developments are key to drawing more residents and investors to the city. To further support developers, Fahmy revealed that ACUD has introduced 4 to 5 facilitation packages, helping struggling companies resolve issues and expedite license issuance. He also acknowledged Better Home's early and continued investment in the Capital, noting the company's pivotal role in believing in the city's long-term potential. He added that investor interest remains strong, citing a recent electronic land offering in the R8 district that drew three times the available applications. Ashraf Adel, General Manager of Better Home, emphasized the company's pioneering role as the first private real estate developer to acquire land in the New Capital. He described Midtown Solo as a landmark development, and the only project in the Capital comprised entirely of standalone villas—390 in total—spanning 66 acres along the prominent South Bin Zayed Axis, near the Cathedral and Green River. Adel highlighted the project's low-density design, with 80% of the land devoted to greenery, landscaping, and lagoons, and only 20% for built structures—creating a tranquil and healthy living environment. Residents benefit from a full suite of amenities, including a clubhouse, swimming pools, restaurants, cafés, and pharmacies. The development sold out in record time, reflecting strong market confidence in the Better Home brand. It also features a 30,000 sqm commercial hub made up of 14 standalone buildings (ground + 2 floors + rooftop + private basement). Each unit starts at 1,250 sqm, with 1,100 sqm of outdoor space and a 940 sqm basement, designed to serve both residents and the broader community. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Zawya
8 minutes ago
- Zawya
Egypt: Madaar Developments unveils Kinz project in New Sheikh Zayed
Egypt - Madaar Developments has announced the launch of Kinz, a new residential community in New Sheikh Zayed, with a total investment of EGP 30bn. Strategically located along the Cairo–Alexandria Desert Road, directly opposite Sphinx Airport, Kinz spans 200 feddans and offers a diverse mix of residential units. These include one- to three-bedroom apartments, twin houses, townhouses, and standalone villas—available in both single-story and multi-story designs. The project will comprise 1,500 units, developed over multiple phases. The first phase is expected to be completed within four years and aims to generate EGP 6bn in sales. Madaar is committed to a phased development approach to ensure the project's growth aligns with the highest standards of quality and execution. Kinz will feature a wide array of amenities, including a five-star hotel operated by a globally recognized hospitality brand making its first foray into the Egyptian market. Other offerings include serviced apartments, a 20,000 sqm commercial area, a sports club, a social club, and a cultural café designed to reflect the identity and spirit of the community. Founded in 2015 in partnership with Sunrise Group—a leader in the hospitality sector—Madaar Developments has become known for its integrated lifestyle projects. Among its flagship developments are Azha Ain Sokhna and Azha Ras El Hekma, which have together achieved over EGP 40bn in sales. Both projects combine residential, hospitality, commercial, and entertainment offerings in premier coastal destinations. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
