May 09 2018   | Source: mediaoffice.ae 

Dubai Land Department discusses real estate investment opportunities in Egypt

Dubai Land Department (DLD), through its investment arm the Real Estate Investment Management and Promotion Center, has hosted several meetings with government officials and leading Egyptian investors as part of the Center’s recent visit to Egypt.

The visit was part of DLD’s ongoing efforts to discuss possible cooperation opportunities between the two countries in the field of investment through the real estate roadshow and workshops held by the Center in Cairo. During the visit, the Center organised a round table for media professionals and a special meeting with female investors from Egypt, which was held in the presence of a number of Egyptian businesswomen interested in investing in Dubai’s real estate market.

Her Excellency Majida Ali Rashid, Assistant Director General and Head of the Real Estate Investment Management and Promotion Center, commented: “During our visit, we were pleased to reach out to a new audience of potential Egyptian investors and offer them attractive investment opportunities. The visit also gave us a valuable opportunity to introduce Egyptian investors to the unique investment characteristics of Dubai’s real estate market. This resonated well with our target audience and we are confident that we will see positive results in the near future.”

During the visit, the Center's delegation received an invitation from the Deputy Minister of Housing and Urban Communities and held a meeting at the Ministry's headquarters, during which the latest projects in Egypt were reviewed including the administrative capital and El Alamein. The meeting also explored new ways for the two countries to cooperate and exchange expertise.

Another meeting attended by investors and decision-makers in the real estate sector discussed how to collaboratively promote real estate investment in Dubai. The meeting was attended by the President of the 6th Of October Investors Association, the Secretary General of The Egyptian Federation of Investors Association, the President of the Real Estate Development Chamber, and Amar Misr Constructions, in addition to a number of leading individual and corporate investors.

Majida concluded: “All of our meetings were conducted in a friendly spirit, provided us with important insights into Egypt’s business environment, and strengthened the longstanding relationship between our two countries. The meetings also generated a number of promising suggestions and ideas about how we can enhance cooperation in the field of real estate investment to increase and encourage future investments between the UAE and Egypt. We explored how our two counties can work together to enhance and develop investment opportunities to achieve our aspirations in the region and the wider world.”

 

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