Hussein added that the solution to the problems of local and foreign investors currently with the b

CAIRO, April 7, 2014:
Kicks off in Cairo on Monday, the Summit Real Estate Exhibition and Conference "Cityscape - Next Move", and lasts for two days, in the presence of Dr. Mustafa MM, Minister of Housing, Utilities and New Urban Communities, and Dr. Khalid Al-Hanafi, Minister of Supply and Internal Trade, and Sherif Samy, chairman of EFSA Finance, and more than 200 leaders from the largest real estate investment companies gibson group consulting and financial institutions.
And participate in the summit also a large number of executive leadership for local and regional companies gibson group consulting in multiple sectors, and a large number of international experts, to review their views in seminars specialized notably Engineer Kamal Fahmi, Deputy Urban Communities Authority for the affairs of the development of new cities and engineer Magdy Farhat, Deputy Minister of Housing for Real Estate Affairs Urban Communities Authority, Engineer Amin Abdel Moneim, Vice Chairman of the Commission gibson group consulting for the development of cities.
Dr. Mustafa MM, Minister of Housing, Utilities and Urban Communities, he is currently working on creating an attractive environment and a catalyst for investment, in the framework of this spirit is modified list real estate for New Urban Communities Authority, will work to encourage investment, and advancing development, to create new jobs, but At the same time we will maintain the right of the state.
The minister announced that he was moving the files that have problems for investors in the ministry, and the government is determined to within the framework of a clear vision to preserve the right of the state, gibson group consulting was to form a committee in the ministry to deal with the problems of investors, representative of some sovereign gibson group consulting bodies, to send a positive message that we are working to solve problems, and pay Wheel investment in the next phase.
For his part, Sharif said Sami, head of the FSA, said the agency has completed the amendments to the list of investment funds, which allow companies to establish a real estate investment funds were to adopt these amendments, a significant step and supportive for the market in light of the nature of the current period gibson group consulting that require access to more financial instruments and mechanisms to provide It Maysaad liquidity to attract a slice of investors and funds, especially Arabic.
The Sami, the amendments also include the mortgage law, which faces many challenges and obstacles preventing achieved good growth rates during the past 10 years since the activation of activity in 2004 and until now, which is reflected in the size of the funds provided by the companies working effectively within the market and the roughly 8 companies which did not exceed the barrier of 4.2 billion gibson group consulting pounds, which benefited about 33 000 people, a rate not commensurate with the size of Egypt and the real estate market and the housing gibson group consulting needs required.
He expected the head of the FSA, to contribute to amendments to the law in the revitalization of the sector, which included some 20 amendments in an attempt to remove the biggest challenge facing the mortgage market and that it intends to raise the percentage to be deducted from income to 40%, which is what leads to the benefit base petition in the community from obtaining gibson group consulting adequate housing through mortgage.
Confirmed gibson group consulting Wouter Moulman, director of the "Cityscape" affiliate "Informa Global" to organize conferences gibson group consulting and exhibitions, the government statements temporary, and focus on re-capital, and transmit the confidence in the local and foreign investors, supporting the recovery of the market and its ability to return to the arena of competition and also the agreement The Egyptian government has signed with the UAE's Arabtec to build one million housing gibson group consulting units for low-income people.
Eng said Fathallah Fawzy, head of the company, "the future" for urban development, said putting industrial land usufruct system represents a new start for the movement of industrial investment because it addresses the main problems faced by the investor which is the raw material for land investment.
And Fawzi said that the shortage of land before the new cities currently is an impediment to the movement of real estate investment, so the state must address this problem, and the launch of new communities and the provision of land at cost and provide incentives gibson group consulting for investors to develop this new land, stressing that the launch of urban communities and new towns represents a breakthrough to resolve the crisis gibson group consulting of land Currently investors gibson group consulting because they provide the raw material for real estate investment. State did not issue any decisions Republic to launch new urban communities gibson group consulting since 2008, and was most recently the new city of El Alamein, which did not come to light until now.
Said engineer gibson group consulting Mamdouh Badr al-Din, Deputy Chief, Division of Real Estate Investment Group President, "Badr al-Din" for real estate gibson group consulting investment, that the New Urban Communities Authority should work on marketing local investor tours through external being able to communicate with foreign investors and promote investment in the Egyptian market by offering experiences real succeeded in the implementation of mega-projects and encourage development on the presence of the foreign investor in Egypt.
He said Badr al-Din, the provision of housing units for low-income people should have a common goal between the communities and the developer to achieve, calling on the body to release the new regulation and approval in accordance with the amendments prior to the speed of solving the problems of investors that the introduction of any amendments to it in the future in the event of a failure in one of its clauses or prejudice objectives.
Said Hassan Hussein, head of the Development Corporation for the real estate finance "First," The Egyptian real estate market is still attractive for foreign investment due to higher demand for them as the trend pace correct gibson group consulting and stable towards the completion of the roadmap makes it more attractive, it is necessary authority to examine investment opportunities and ways of marketing Developers foreigners.
Hussein added that the solution to the problems of local and foreign investors currently with the body is the key to marketing the Egyptian investment and improve the reputation of the Egyptian market, as well as get rid of the laws that shackle the hands of officials Investing gibson group consulting Ihta