Tuesday 22 Oct
Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, has decided to establish a real estate investment export council. This council will include a number of owners of real estate investment companies in the Egyptian market.
The real estate investment export
council includes a representative from the Talaat Moustafa Group, Hisham Shoukry
from the Roya Real Estate Investment Company, Fathallah Fawzy from the Mina
Real Estate Investment Company, and Ahmed Shalaby from the Tatweer Real Estate
Investment Company.
The council also includes Walid
Mokhtar from the Iwan Real Estate Investment Company, Mohamed Allam from the
Abna Hassan Allam Contracting Company, a representative from the Misr City for
Housing and Urban Development Company, Ahmed Hussein Sabour from the Ahli
Sabour for Real Estate Development Company, Ayman Amer from the SODIC Company,
and Ibrahim El-Messiry from the Soma Bay Company.
In a separate context, Engineer
Hassan Al-Khatib, Minister of Investment and Foreign Trade, announced the
features of the new program to refund export burdens during the weekly press
conference held by Dr. Moustafa Madbouly, Prime Minister.
The Minister of Investment and Foreign Trade explained that the foundations laid for the new program include scheduling all outstanding arrears until March 1, 2024, through the Ministry of Finance, with the option of offsetting any government dues - taxes, fees, and others.
