Photo: AFP/Ahmed Gomaa
Eurasia
04/12/2023 08:59
Most of the experts participating in a roundtable entitled "The Role of Government Incentives in Attracting Profitable Real Estate Investment Opportunities", in cooperation with the Egyptian Businessmen Association, and organized by Investgate, agreed to find a mechanism for sales outside Egypt in foreign currency, whether for Egyptians abroad or foreigners, and to issue legislation regulating real estate sector dealers as in force in Dubai. While facilitating coordination between private companies and the government in the field of Egyptian nationality for the property buyer.
The participants also recommended the importance of "having a mechanism that allows refugees residing in Egypt to buy real estate in foreign currency, facilitate the procedures regulating the increase in the number of companies listed on the stock exchange, and offer shares to increase capital. With the speed of work on activating the real estate stock exchange and real estate investment funds, banks provide a mechanism that allows financing for the foreign customer. And the search for new markets for real estate investment, such as: the Russian market and African markets."
Hungary intends to remain the number one European destination for Chinese investments, as these contribute significantly to the performance and transformation of the economy – declared Minister of Foreign Affairs and Trade Péter Szijjártó on Friday in Budapest.
In the shadow of Burj Khalifa, a Bentley parks with a 2-digit license plate. Its driver sips into a gold-dusted cappuccino while staying in 7-star hotels, dining at Michelin star restaurants and shops at the most iconic designer brands’ stores. This isn’t an unusual overlook of Dubai. But while this obsession with luxury may seem like extravagance for its own sake, is there something deeper at play?