Minister of Finance: I presented three new facilitation packages to the Prime Minister… We need an institutional framework for the real estate sector
By Eman Hamed
Finance Minister Ahmed Kouchouk said that the government is continuing to expand the scope of facilitations for investors this year, stressing that the Ministry of Finance’s philosophy is based on “partnership and support” through practical measures that ease burdens and support clarity of vision for investors.
During his speech at the third edition of The Investor Conference, Kojok added that he presented to Dr. Mostafa Madbouly, Prime Minister, three new packages of incentives, including a second tax package “characterized by great diversity and offering extensive incentives.” He explained that the goal is to reduce the time, burdens, and effort for committed investors, thus providing better services that reflect the economic reality and serve both the state and the private sector.
The Minister pointed to the establishment of a specialized financial committee to monitor and resolve collective problems, particularly in tax files, and that it has successfully addressed hundreds of cases. Kojok called for the launch of a similar mechanism for the real estate development sector by establishing a permanent institutional framework between the Ministry of Finance and developers, enabling the discussion of challenges and the development of practical solutions in an organized manner.
Kojok stressed the importance of strengthening the role of investment funds and institutional investment in supporting economic growth, expressing his hope that the next phase will witness further improvement for the Egyptian economy. He added that the government is continuing to expand the scope of incentives for investors this year, emphasizing that the Ministry of Finance’s philosophy is based on “partnership and support.”
The third edition of The Investor Conference has begun.. Real State, organized by Black Diamond in cooperation with the Real Estate Development Chamber of the Federation of Egyptian Industries, will open today, Tuesday, under the title “The Future of Real Estate: Challenges, Solutions, and the Alternative Market.”
The conference will feature the Ministries of Housing and Finance, the Urban Communities Authority, the Financial Regulatory Authority, the Investment Authority, and the Urban Development Fund, along with government and private banks, as well as prominent real estate developers. This will form an integrated dialogue platform aimed at developing practical solutions to current challenges and supporting real estate investment opportunities.
The conference will feature three main sessions and a closing session, titled: “Session 1: Regulating the Profession and the Developers Federation: Urgent Topics for Real Estate Professionals”; “Session 2: Balancing State Requirements and Developer Needs”; “Session 3: Alternative Markets”
