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."
As Washington aims to decrease its trade deficit and strengthen domestic production, global value chains are facing new pressures to restructure. This change poses significant challenges for both European and Chinese producers as the flow of decade-long input and final good channels is disrupted. Is this a new opportunity for the two economic zones to further strengthen their relationship thereby mitigating some of the negative effects of US trade policy?
For the first time, a Hungary–New Zealand Business Forum was held in Budapest in late May, organised by the Hungarian Export Promotion Agency (HEPA). On the margins of the event, Eurasia spoke with Simon Bridges, CEO of the Auckland Business Chamber.
The symposium promoting the Hainan Free Trade Port was successfully held on May 29 in Budapest, organized by China’s Hainan Province, with the contribution of the Hungarian-Chinese Youth Friendship Association (MKFB).