Dr. Madbouli gave a presentation on the ministry’s strategic plan to develop the Northwest Coast and its hinterland along with high priority development regions.

The master plan adopts ecological concept under the umbrella of the UN-Habitat that supports sustainable urban and social development as well as economic growth in Egypt.

The plan includes the development of the fourth generation of new cities. The first ecological and economic city to be developed is Alamein New City; being the most important pillar of the integrated development in both the Northwest Coast and Qattara Depression.

Many well-known consultants attended the event. On ECG’s part, Mr. Amr Allouba attended the event as both a member of the EBA Board of Directors and ECG Chairman together with the firm’s CEO, Mr. Mohamed Abdel Moneim, and ECG’s Division Head of Business Development, Mr. Moheb Marcos.

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Dr. Madbouli delivered the opening speech, pinpointing the potential of the Egyptian Construction Sector; which will play a leading role with the close cooperation between private sector and the government to improve our economy. He also added that according to Egypt’s long-term strategic planning until 2052, it is inevitable that new communities must be developed, targeting particularly limited-income households, in order to meet Egypt’s rapid population growth.

Mr. Hassan Hussein, Chairman of the EBA Banking and Finance Committee discussed the necessity of issuing the new real estate law amendments and regulations thereof, taking into account the private sectors’ recommendations and concerns. Such amendments will help to solve the problems of real estate investors as well as stimulate real estate investment in the public and private sectors.

Mr. Amr Allouba attended the event as both ECG Chairman and a member of the EBA Board of Directors. The business dinner also hosted many prestigious consultants, developers and contractors.

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