CAIRO – Egyptian Minister of Housing, Utilities and Urban Communities Essam El Gazzar asserted the necessity of outlining a sustainable system for real estate measures so as to offer more facilitations to citizens and increase the real estate portfolio at the banks.
The minister’s remarks were made during his meeting with Minister of Justice Counselor Omar Marawan and the Central Bank of Egypt (CBE) officials to address measures for easing the real estate measures.
The meeting was attended by a galaxy of officials at the ministries of housing and justice, Head of the Financial Regulatory Authority (FRA) Mohamed Umran and Head of the Social Housing Fund Mai Abdel Hamid.
Gazzar underlined the importance of real estate investment fund which has greatly contributed to flourishing the real estate market and capital markets in some Arab countries.
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