There are many solutions to meet the challenges facing the real estate sector, the most prominent of which is the strong expansion in the export of real estate during the coming period, as Egypt is characterized by low real estate prices, compared to many other countries, which makes it one of the countries that attract investment, said Dr. Abdel Hamid Al-Wazir, Chairman of the Board of Directors of Arabisk Real Estate Development Company and Chairman of the Support and Follow-up Committee of the New Cairo Developers Association.
He added that the companies, after the increase in the prices of building materials, resorted to new methods and methods in implementation and sales, based on feasibility studies, so that the companies do not suffer losses due to price fluctuations from time to time
He explained that despite the challenges facing the real estate sector, such as price increases for building materials, the company is keen to deliver the projects that it implemented on time, as the company relied on self-financing, directing the sales of these projects for implementation on a regular basis.
He pointed out that the state was able to achieve an urban boom over the past 7 years, which it had not witnessed before, explaining that the total number of new cities has doubled, and many new cities have been inaugurated, such as the administrative capital, El Alamein, and other cities that were launched in the cities of Upper Egypt.