9 Hrs
Source:
المصري اليوم
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Amr Adeeb urges action to save real estate market
Media personality Amr Adib called for an urgent meeting involving the government, officials responsible for the real estate market, and developers to discuss the state of Egypt's real estate sector, with the aim of establishing proactive measures to ensure its stability and protect Egyptian savings. He emphasized the importance of cooperation among all stakeholders to prevent the worsening of the real estate crisis, especially since the market heavily relies on real estate savings. Adib urged the preparation of a clear strategy to address these challenges before they escalate, warning against delaying these steps. He stressed that all parties must prioritize the interests of savers. He also noted that a significant portion of the Egyptian economy is connected to the real estate market and that banks should play a larger role in financing real estate activities rather than relying solely on government bonds. Additionally, he pointed out the cancellation of the "Cityscape" exhibition this year and underscored the importance of direct engagement among stakeholders through urgent discussions to maintain market stability.
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