Cairo: Minister of Housing Sherif El-Sherbiny said that rising regional tensions are presenting Egypt with a strategic opportunity to accelerate its real estate investment and coastal urban development plans, positioning new cities like New Alamein as engines of growth and investment. Speaking at the ministerial session of the Builders of Egypt Forum, Minister El-Sherbiny outlined a national plan that aims to attract foreign investment, export Egyptian real estate, and transform coastal cities into secure, sustainable hubs.
According to State Information Service Egypt, Egypt's coastal urban centers will play a critical role in driving investment and implementing major national projects. Minister El-Sherbiny detailed several pillars of the government's strategy, including new land investment mechanisms and the formation of regional investment partnerships with the UAE and Saudi Arabia. Steps to market Egyptian real estate to international buyers include launching a specialized investment committee and coordinating with the Ministry of Justice on streamlined ownership procedures for foreigners, along with the introduction of a unified property identification number and national property database.
A key part of the plan is positioning New Alamein City as a flagship investment hub. The minister announced the launch of a digital platform, Expo Alamein, to promote opportunities, and said real estate investment portfolios will be rolled out over the next eight months. The government will activate the city's Real Estate Registration Office on July 1 and plans to develop an entertainment district, conference venues, wellness projects, and an industrial zone covering 15% of the city's land. Around 40,000 residential units will also be constructed under the 'Housing for All Egyptians' program to provide affordable homes.
Minister El-Sherbiny added that a licensing system for real estate digital influencers is also being introduced to better regulate marketing activities, alongside plans to create a national unit for real estate market governance and a dedicated real estate export unit. He said: 'The time is right to transform Egypt's coastal cities into sustainable urban centers that can attract regional and global investment.'