Egypt's share of real estate’s exports in Middle East marks $500M

CAIRO – 16 June 2019: Egypt's share of the export of real estate in the Middle East is only $500 million, out of $70 billion, Prime Minister Mostafa Mabdouli said during his speech at the inauguration of the Builders of Egypt Forum in Cairo.

Madbouli noted that this figure is very low in light of Egypt's potential and advantages.
"We started to exist in international exhibitions and we need to have a greater presence in the world markets,” he stated.

Prime Minister Madbouli called on real estate companies to move during the next phase to export their products to the external market, pointing out that Egypt deserves to be present in the global real estate market.

He stressed his government's keenness to support the real estate sector, activate cooperation with Arab and African countries, encourage and assist the export of real estate and the contracting industry, as it is an important part of the Egyptian economy.

He also pledged all governmental facilities in this regard, saying that the government will work on all the requests during the coming period, and will move as soon as possible in the light of all the legislative and administrative actions required of the State.

The forum which kicked off Sunday under the theme “Building Exports as a New Future for Investment” focuses on investment opportunities in the construction sector in the African continent, and the necessary measures to develop investments and achieve sustainable development.

It confers possible mechanisms to achieve integration among African states in the construction sector and to foster public-private partnership in Africa and the Middle East.