Abdel Khalek Ibrahim, Assistant Minister of Housing for Technical Affairs, recently convened with Acting British Ambassador in Cairo, Qudsi Rasheed, and representatives from over 30 British companies to explore investment opportunities in Egypt’s burgeoning real estate sector. Hosted by the Egyptian-British Chamber of Commerce at the British Embassy in Cairo, the meeting gathered key stakeholders including Hassan El-Leithy, Advisor to the Ministry of Housing for International Cooperation, and Hisham Gaafar, International Cooperation Advisor in the Utilities Sector.
Highlighting Egypt’s potential as an attractive market for real estate investments, Ibrahim underscored the country’s remarkable urban and civilizational progress under President Abdel Fattah Al-Sisi’s leadership. Opportunities abound in sectors such as new city developments, infrastructure projects, and urban area expansions.
British company officials expressed robust interest in collaborating with Egypt on urban development initiatives, particularly in real estate industries and localizing sectors to bolster construction product availability within Egypt.
Ibrahim further outlined Egypt’s strategy for smart new cities, spearheaded by the Ministry of Housing’s New Urban Communities Authority. These initiatives aim to develop sustainable “fourth-generation cities” and transform existing new cities into smart urban centers tailored to local needs.
The Egyptian government, in collaboration with key stakeholders including the General Organization for Physical Planning and UN-Habitat Egypt office, has formulated a national urban policy. This policy aims to create a conducive environment for investment, foster economic growth, and generate new job opportunities.
In the utilities sector, Hisham Gaafar highlighted significant improvements in Egypt’s drinking water and sanitation services. Under President Abdel Fattah El-Sisi’s administration, there has been a concerted effort to expand water and sanitation coverage nationwide. The State Ownership Document empowers private sector participation in utility projects, contributing to enhanced service delivery.
Egypt has also adopted advanced technologies for wastewater management, focusing on safe utilization and energy generation. Strategic plans for seawater desalination aim to significantly increase capacity, addressing the nation’s water needs well into the future.
