Al Mal GTM opens the sixth edition of the real estate development conference to discuss the challenges of the sector

4 discussion sessions on real estate export, financing tools, developer compensation, and real estate market regulation

Under the auspices of the Ministry of Housing, Utilities and New Urban Communities, the activities of the Sixth Real Estate Development Conference will be opened on Sunday, October 30, 2022, at the Nile Ritz-Carlton Hotel, in the presence of a group of leaders of the Ministry of Housing, the General Authority for Export and Import Control, and the General Authority for Financial Control.

Al Mal GTM is organizing the sixth edition of the real estate development conference under the title “4 challenges that shape the future of the real estate sector”, in conjunction with the economic movement that Egypt is currently witnessing after the end of the activities of the economic conference called by President Abdel Fattah El-Sisi, who came out with a number of recommendations, The most important of which is the increase in partnership rates between the government and the private sector. This year’s edition of the conference is witnessing a large participation of senior officials, real estate developers and the financial sector. The sessions are scheduled to witness discussions on the government’s strategy to activate and support real estate developers.

The opening speeches include an interview with Engineer Essam Al-Najjar, head of the General Organization for Export and Import Control, with the aim of addressing the latest developments in the issuance of a law regulating the profession of real estate broker, in addition to a meeting with Dr. Islam Azzam, Vice Chairman of the Board of Directors of the Egyptian Financial Supervisory Authority, to review non-bank financing tools to support the real estate sector.

The conference will also witness a discussion session with Amr Elhamy, Executive Director of the Egypt Sub-Fund for Tourism, Real Estate Investment and Antiquities Development, through which the fund’s work strategy will be reviewed, and how real estate development companies can benefit from it by entering into partnerships or exploiting the available assets.

It is planned that the conference will include 4 discussion sessions, the first of which is related to reviewing the future of the real estate sector in light of the results of the economic conference, in addition to the issuance of a decision by the Prime Minister, to implement strong controls to regulate the relationship between development companies and customers, which developers are waiting to implement on the ground, to issue a final ruling on it, The list of speakers in the session includes Eng. Khaled Abbas, President of the Administrative Capital for Urban Development, Eng. Tarek Shoukry, Head of the Real Estate Development Chamber, Deputy of the Housing Committee in the House of Representatives, Eng. Sherif Hammouda, President of JV Urban Development, and Eng. Mohamed Eltaher, CEO of the Saudi Egyptian Company for Reconstruction .

The second session will discuss the file of developers’ compensation as a result of the negative consequences of the global inflation crisis and the rise in the prices of building materials, and the list of speakers will include Eng. Ahmed Mansour, CEO of the company creditEng. Jasser Bahgat, CEO of Madar Development Company, Eng. Ahmed Abdullah, Vice Chairman of the Board of Directors of Redcon Development Company, and Eng. Mohamed Tarek Kamel, Executive Director of North Africa Region at Consolidated Contractors International Company ccAnd Eng. Sherif Gamal, partner in Raafat Miller Company RMC Engineering Consultancy.

The third session deals with the real estate export file in the Egyptian market, after years of the government’s adoption of this vital file to revive real estate sales and create a new source of foreign currency. The session will be attended by Eng. Fathallah Fawzy, Vice President of the Businessmen Association, Eng. Al-Bustani, President of the New Cairo and Administrative Capital Developers Association, Alaa Khedr, CEO of Scope Real Estate Development, Bassem Kalila, President of Kalila Exhibitions Organization, and Bassem El-Sherbiny, CEO of Etqan Real Estate Consulting.

The fourth session revolves around the diversity of available financing tools, which heralds a breakthrough in this file, to enhance the companies’ ability to continue construction. The list of speakers includes Dr. Mazen Hassan, President of Al-Tameer Securitization Company, Ayman Abdel Hamid, Vice Chairman and Managing Director of the First Real Estate Finance Company, Ahmed Imam, CEO of Amlak Real Estate Finance Company, Ahmed Fikri, Chairman of the Board of Directors of Contact Real Estate Development Company, and Engineer Ahmed El-Shennawy, President of Adva Real Estate Development Company.

All proposals of real estate development companies will also be discussed and presented to officials of the Ministry of Housing, to create a state of continuous interaction between investors and decision makers, which is always the message that Al Mal newspaper targets from its periodic conferences, by formulating several proposals that can be converted into decisions on the ground.

Al Mal GTM, the sister of Al Mal newspaper, is the most active national company in the field of organizing conferences and creating ideas, and one of its most important activities is the CEO Conference. CEO Ideasand Portfolio Egypt Conference.

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