Under the patronage of Prime Minister Dr. Mostafa Medbouly, the fifth session of the Builders of Egypt Forum will be launched on June 16 with the participation of a number of ministers concerned and more than 800 executive leaders representing major contracting companies, real estate investment, financial and banking institutions, Local and regional real estate investment funds, in order to stimulate the services of Egyptian companies and real estate investments abroad, besides establishing a full partnership between the two main players in the market and to review international investment trends.
The 5th edition of the Forum of “Egypt Builders” will discuss the mechanisms of achieving integration between African countries in the construction sector in light of the great need of the countries of the continent to establish a large infrastructure in all its different fields, and the ability of Egyptian companies to capture a good share of those works supported by their success in national projects, which was achieved under patronage of President El-Sisi, who created a new generation of construction companies that are able to implement projects according to the specified timings and standards required.
The forum, organized by the Egyptian Federation of Construction and Building Contractors and the Export Council of Real Estate, in cooperation with the “Excellent Agency” for Organizing Conferences and Exhibitions, will focus on supporting the pivotal role played by the government in supporting investments in Egyptian real estate and contracting under the legislation approved by the State.
The forum also intends to establish cooperation with some Arab countries in fields of electricity or roads, as well as the challenges facing the Egyptian contractor in his work abroad to be able to compete for a good share of the reconstruction programs of countries such as Libya, Iraq, Syria and Yemen.
The forum, which is attended by the presidents of the African and Arab associations for the construction sector, in addition to the executive leaders of the major contracting companies, the leaders of financial institutions, building materials, real estate development and associated sectors, as well as the local and regional media, will discuss the investment opportunities available in Arab and African countries for the Egyptian contracting companies and their ability to capture them, as well as reviewing the success experiences of some Egyptian construction companies in African and Arab markets to benefit from these successful experiences in facing challenges and achieving profitability.
The forum is a community dialogue between the government, the construction and real estate development sector, which has more than 100 industries, 15% of the local market, and contributes 12% of the country’s growth.
And direct support from the government supports the Egyptian contracting companies’ desire to expand in Africa, during Egypt’s presidency of the African Union in 2019.
The agenda of the forum, which begins with the new title of “Exporting Egyptian Contracting and Real Estate: A New Future for Investment”, includes a number of new files and dissertations for real estate marketing, which are commensurate with the technological development in the construction process and the integration of the ICT system in marketing operations.
It will also point to selling and buying operations, in addition to reviewing the growing powers of Egyptian construction companies and the increasing number of Egyptian construction companies operating abroad, after achieving a number of exceptional successes in a number of national projects in many countries, especially in the areas of urban development, energy, dams and other sectors.
The forum reviews the economic and financial capabilities of government and private companies working in the field of construction and urban development and its development at all levels, in light of the development of the investment environment of the state after the economic reform program, and the implementation of the country a package of major national projects during the last five years focused on the establishment of national infrastructure of Roads and investment areas promising to create new urban communities and to support the comprehensive development of the Egyptian state.
This year’s forum is an unprecedented opportunity for many government agencies, contracting companies, real estate developers and local and international financial institutions to formulate an integrated marketing strategy for Egypt’s urban experience, the success of construction companies and real estate investment in its implementation, its financial and technical capabilities and its ability to work abroad and competition at the regional level.
This is besides activating the local real estate market and attracting more investments, supported by the implementation of major projects in new cities including, “the New administrative capital, Al-Alamein and New Mansoura.”
The meeting will discuss the ability of banks to support Egyptian construction companies in capturing good business volumes in the Arab and foreign countries in the coming years, with the presentation of conditions that must be available in these companies so that the banks can provide the necessary funding externally through its branches everywhere.
The Forum of “Egypt Builders” is the largest event in the construction sector which includes all categories of construction companies and it will influence their activities such as the financial and banking sectors related to major activities such as real estate investment, energy and building materials industry.
And the forum discusses annually all plans of the year and projects expected in light of the state development agenda, besides the formulation of many ideas and solutions to contribute to the amendment of the laws governing the work in order to support sustainable development in the construction sector.