PM Reviews Proposals on Promoting Real Estate ExportsSource: www.export-egypt.com 8/13/2023, Location: Africa |
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Prime Minister Mostafa Madbouly reviewed a number of proposals to boost real estate export activity in a meeting at the government headquarters in New Alamein.
The meeting was attended by Hassan Abdalla, Governor of the Central Bank of Egypt, Omar Marwan, Minister of Justice, Hala El Said, Minister of Planning and Economic Development, and many other officials. Mohamed Maait, Minister of Finance, and Soha Gendy, Minister of State for Emigration and Egyptian Expatriate affairs, participated in the meeting via video conferencing. Madbouly emphasized Egypt’s interest in the real estate export file, pointing to previous meetings held on the issue. He said the current meeting aimed to discuss ways to boost real estate export activity by reviewing a number of proposals and measures that could contribute to its improvement, as it is one of the mechanisms to provide foreign currency, in light of the special instructions to study the proposals presented in this file. The meeting also reviewed a number of mechanisms that would enhance real estate export activity, including the establishment of a real estate fund, with administrative and commercial assets generating income, as well as the proposal to trade real estate on the Egyptian Exchange (EGX), and the economic impact of the idea of creating a real estate exchange. The spokesperson said the meeting also discussed outstanding international experiences regarding real estate trading, as well as real estate stock exchange models in different countries, which could be used in the practical application of the Egyptian real estate exchange. The meeting also discussed the proposal to hold meetings with Egyptian experts abroad who specialize in real estate investment to exchange views on all matters related to this file. |
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