Deputy CEO of the General Authority for Investment and Free Zones (GAFI), Yasser Abbas, reaffirmed Egypt’s commitment to supporting real estate investment through a wide range of incentives and facilities aimed at attracting both local and foreign investors. He made the remarks during the third edition of The Broker League Conference (TBL).

Abbas described real estate as one of Egypt’s largest economic sectors, highlighting its significant contribution to the country’s GDP and its role as a major employer.

He emphasized the government’s central role in driving investment across the sector, particularly through major national projects, such as sustainable cities and large-scale infrastructure developments, which offer long-term returns.

Abbas outlined Egypt’s key advantages for investors, including steady population growth that sustains housing demand and a strategic location connecting Africa, Asia, and Europe — positioning the country as a potential regional logistics hub. He also noted ongoing efforts to strengthen economic stability and improve the overall investment climate.

He said the government’s vision focuses on developing integrated new cities that create extensive investment opportunities, supported by lower bank interest rates, tax incentives, and frameworks that encourage public–private partnerships. Legislative reforms such as simplified property registration procedures and expanded property insurance options are also enhancing investor confidence.

Abbas further highlighted state-led initiatives to modernize existing urban areas, eliminate informal settlements, streamline licensing, and upgrade infrastructure networks, noting that one-stop-shop land allocation services have played a key role in improving the ease of doing business.

He added that facilitating property ownership for foreigners and linking it to residency rights has become an important part of Egypt’s real estate promotion strategy.