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."
China will take the initiative to open wider in the 15th Five-Year Plan period, China's Commerce Minister Wang Wentao said Friday.
In recent years, cooperation between Uzbekistan and the European Union has reached a new level. In particular, transport and logistics are becoming one of the most important and strategic areas of this cooperation. By the end of 2024, Uzbekistan's freight traffic volume with Western countries amounted to 2.8 million tons, of which over 1 million tons were transported through Caspian Sea ports.
The economies of the Middle East and Central Asia are expected to expand by about 4 percent in 2025, the International Monetary Fund (IMF) announced recently, highlighting the region’s resilience amid global economic uncertainty and persistent geopolitical tensions.