Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny participated in a panel discussion titled “Real Estate Investment Opportunities and Global Market Trends” as part of the fifth edition of the Future of Real Estate 2026 Forum in the Saudi capital, Riyadh, in the presence of ministers and international experts.
The minister reviewed Egypt’s Vision 2030, explaining the role of urban development as one of the main drivers of development, not merely an economic sector. He emphasized the contribution of the housing and real estate sectors to supporting the economy, creating jobs, and strengthening related industries and services.
He explained that Egypt is working to reduce pressure on existing cities and improve the quality of life by establishing fourth-generation cities and new urban communities, noting the completion of 28 new cities and the strengthening of partnerships with the private sector to achieve development.
El-Sherbiny addressed developments in the Egyptian real estate market, which is undergoing a phase of rebalancing to enhance sustainability, with a focus on product quality, adherence to timelines, and mid-range and integrated housing projects.
The minister presented the national strategy for the real estate sector, which focuses on providing housing, improving the quality of life, and attracting long-term investments, as well as the role of the private sector in major projects to create job opportunities and support home ownership.
He affirmed ongoing efforts to develop legislation, facilitate ownership, and advance digital transformation in land registration and licensing, in addition to unifying standards in line with international benchmarks and supporting real estate exports while linking the sector regionally and globally.
The minister discussed the experience of the New Administrative Capital as a model for smart cities, with a focus on digital infrastructure and integrated services, noting that this experience is being expanded to other cities in cooperation with the World Bank and the Swiss government.
He explained the impact of global economic changes on the Egyptian market, which relies on strengthening financing tools and major partnerships, stressing that the next phase will focus on maximizing value and sustainability rather than quantitative expansion.
He concluded by highlighting investment opportunities in developing coastal cities to become year-round destinations, expanding partnerships to operate cities and facilities, and investing in new logistics and industrial cities to enhance the competitiveness of real estate locally and internationally.
