Egyptian Housing Minister Randa El-Manshawey recently met with Omani Ambassador Abdullah bin Nasser Al-Rahbi and a delegation of Omani housing and planning officials. The meeting aimed to enhance cooperation in urban development and real estate investment between the two countries. El-Manshawey highlighted the diverse investment opportunities available to Omani companies in Egypt's new cities and areas under the jurisdiction of the Egyptian Tourism Development Authority.
During the meeting, El-Manshawey emphasized the importance of introducing Omani investors to available projects and opportunities, as well as the procedures and mechanisms governing investment in Egypt. This would support the establishment of investment partnerships between the two countries. The Omani ambassador expressed his country's interest in learning from Egypt's experience in urban development and the expansion of new cities.
The Omani delegation included representatives from 20 companies operating in the real estate development sector. They expressed their desire to explore possible areas of cooperation and discuss opportunities for joint projects in the real estate development sector. El-Manshawey stressed the importance of continued communication and coordination with the Omani side to provide necessary information on available investment opportunities.
Following the meeting, Egyptian and Omani housing officials, along with a delegation of Omani real estate developers and investors, held a broader meeting to discuss cooperation opportunities in urban development and real estate investment. The meeting reviewed Egypt's urban experience, including the implementation of several new cities and national and developmental projects.
The Egyptian side presented the advantages and capabilities of new cities, as well as diverse investment opportunities in residential, commercial, administrative, tourism, and entertainment sectors. They also discussed mechanisms for offering and allocating various investment opportunities, as well as models of some investment opportunities in Egypt. The Omani side presented several real estate development projects, including the Sultan Haitham city and the High Mountain project.
The meeting showcased Egypt's urban experience, which has witnessed a significant surge in recent years. The two countries explored ways to enhance cooperation and open up new prospects for investments in the Egyptian and Omani real estate sectors. Both countries possess promising investment opportunities in urban development.
The participants concluded by expressing their desire to enhance cooperation and explore new investment opportunities in the real estate sector. The meetings demonstrated the strong interest of both countries in strengthening bilateral relations and promoting investment partnerships in urban development and real estate.
Key points
- Egypt and Oman are exploring cooperation opportunities in urban development and real estate investment to enhance bilateral relations and promote economic growth.
