UNLOCKING INVESTMENT
OPPORTUNITIES

ROUNDTABLE

JUNE 11,2023
INTERCONTINENTAL CAIRO SEMIRAMIS

Invest-Gate continues its series of events during 2023 with a new roundtable highlighting the importance of real estate funds as an effective investment mechanism to support the Egyptian real estate market, in order to overcome the current crises. Under the title “Real Estate Funds: Unlocking Investment Opportunities”, the new roundtable is set to be held on Sunday, 11 June 2023.

The roundtable will include discussions over the obstacles hindering the establishment of real estate funds in Egypt, as well as key legislative proposals that would stimulate investment in real estate funds. The event will also shed light on the significance of cooperation among the government, real estate developers, and the banking sector to popularize real estate investment funds in Egypt, as an investment option, to tap into the unprecedented urban growth that Egypt is currently witnessing.

Real estate funds are one of the most prominent investment tools in many countries around the world, with investments amounting to trillions of dollars. Recently, there have been several calls for establishing a culture of real estate investment funds in Egypt, as for several years there has been only one real estate investment fund traded on the Egyptian Stock Exchange, which is the Egyptians Real Estate Investment Fund. In December 2022, Banque Misr, in partnership with Banque du Caire, Misr Insurance Holding, and Allianz Egypt, launched the Real Estate Investment Fund 1.

OBSTACLES OF ESTABLISHMENT

  • Lack of awareness of the importance of this investment tool for Egypt’s real estate sector.
  • The complication of foundation procedures and high costs thereof.
  • Tax environment, as the Egyptian market imposes an income
    tax and a distribution tax on proceeds of real estate funds.

 

LEGISLATIVE ENVIRONMENT

  • Developing more incentives for all parties working within the real estate sector.
  • The complication of foundation procedures and high costs thereof.
  • Tax environment, as the Egyptian market imposes an income
    tax and a distribution tax on proceeds of real estate funds.

OBSTACLES OF ESTABLISHMENT

  • Lack of awareness of the importance of this investment tool for Egypt’s real estate sector.
  • The complication of foundation procedures and high costs thereof.
  • Tax environment, as the Egyptian market imposes an income
    tax and a distribution tax on proceeds of real estate funds.
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