Minister of Housing, Utilities and Urban Communities Randa El-Menshawy has explored opportunities to strengthen Egyptian-Omani co-operation in urban development and real estate investment, highlighting the wide range of investment prospects available to Omani companies in Egypt’s new cities and tourism development areas.
The minister received Ambassador of the Sultanate of Oman to Egypt and Permanent Representative to the League of Arab States Abdullah bin Nasser Al-Rahbi, accompanied by officials from the Omani Ministry of Housing and Urban Planning.
Discussions focused on benefiting from Egypt’s urban development experience, exploring joint projects and establishing investment partnerships.
During the meeting, Minister El-Menshawy outlined opportunities available through the New Urban Communities Authority and the General Authority for Tourism Development, stressing the importance of providing Omani investors with information on projects, investment procedures and allocation mechanisms to facilitate co-operation.
For his part, Ambassador Al-Rahbi expressed Oman’s interest in learning from Egypt’s experience in developing new cities and expanding urban communities.
He noted that his delegation included representatives of 20 Omani real estate development companies seeking to explore potential joint ventures.
Following the meeting, officials from the housing ministries of both countries, alongside the Omani Ambassador and representatives of the companies, held an expanded session to examine investment opportunities across residential, commercial, administrative, tourism and leisure sectors.
Participants reviewed Egypt’s urban development achievements in recent years, the assets and potential of its new cities, investment allocation mechanisms and examples of existing projects.
The Omani delegation also presented its country’s urban development experience, showcasing projects including Sultan Haitham City, the High Mountain (Al-Jabal Al-Ali) project and the Surooh initiative.
