Ahmed El-Batrawy, Chairman and Founder of the Official Egyptian Real Estate Platform, highlighted that the real estate sector has the potential to become one of the main sources of national income through expansion in exports.
He stressed the importance of completing the legislative and regulatory framework, emphasizing that the existence of a unified real estate contract that protects the rights of both citizens and developers is a necessary step. He also underscored the need to require developers to provide financial solvency of no less than 30% before starting any project, which would help enhance confidence and ensure market stability.
During his remarks on the Studio Extra program, El-Batrawy explained that Egypt achieved approximately USD 500 million in real estate exports last year, with a target of reaching USD 1.5 billion by 2025. He described this figure as modest compared to the market’s true potential. He added that completing the legal framework and activating escrow accounts would enable Egypt to significantly multiply these figures.
He also emphasized the importance of attracting foreign investors as a vital source of hard currency, noting that providing a stable and secure legal environment would encourage the entry of major investment funds capable of injecting billions of dollars into the local market.
