*Cityscape Leads the Real Estate Sector Dialogue, Bringing Together Top Market Leaders to Discuss Challenges and Shape the Next Phase*

Cairo, 11 November 2026: At a time of rapid economic and investment shifts, the Cityscape Egypt Forum brought together 23 government officials, real estate development leaders, investors and experts for a broad dialogue on the challenges facing the market and the opportunities ahead. The Cityscape Egypt Forum aims to unify the visions of the sector’s key stakeholders, encourage collaboration among them, and turn discussions into practical recommendations that support market stability and strengthen its appeal to regional investment.
The forum featured two panel discussions moderated by Eng. Fathallah Fawzy, Vice Chairman of the Egyptian Businessmen’s Association and Chairman of its Real Estate Development and Contracting Committee, with the participation of representatives from government entities and leading real estate development and investment companies. The discussions focused on the variables affecting the market and the challenges facing the different parties in the real estate ecosystem, leading to insights and recommendations that support the sector’s development in the coming phase.
The participants included Dr. Abdelkhalek Ibrahim, Member of the House of Representatives and CEO of Nevera Egypt; Ayman Amer, General Manager of SODIC; Eng. Ahmed Dimirdash Badrawi, Executive Vice Chairman and CEO of MARAKEZ; Eng. Ibrahim Elmissiri, Group CEO of Soma Bay; Eng. Hazem Helal, CEO of Orascom Development; Haitham Abdelazim, CEO of Ora Developers Egypt; Eng. Tamer Nasser, CEO of City Edge Developments; Eng. Nabil Amasha, CEO of People & Places; Eng. Ahmed Ehab, CEO of Madaar; Mr. Walid Zaki, Founder and CEO of PRE Group; Eng. Waleed Mokhtar, CEO of IWAN Developments; and Eng. Ahmed Aref, CEO of Imkan Misr. The participants discussed the key challenges and opportunities facing the real estate sector, exchanging insights and expertise on ways to support its growth and sustainability.
In his opening remarks, Wouter Molman, Chief Commercial Officer of inD for the Middle East, India, Türkiye and Africa, said: “The real estate sector is undergoing rapid transformations at both the global and regional levels, which makes it all the more important to have platforms capable of bringing together industry leaders and decision-makers to discuss these changes and determine how to address them. Cityscape plays this role by enabling direct dialogue on market priorities, from cost efficiency and diversifying funding sources to developing working mechanisms that enhance the sector’s competitiveness, help it navigate current market conditions and achieve sustainable growth. These discussions also provide an important input for drawing out the insights and trends that will help shape Cityscape 2027, ensuring we continue to offer a platform that reflects the sector’s aspirations, keeps pace with its priorities and supports its growth in the coming phase.”
Dr. Abdelkhalek Ibrahim, Member of the House of Representatives and CEO of Nevera Egypt, stated: “The next phase for Egypt’s real estate market requires more than simply marketing Egyptian properties to the world; it also requires positioning Egypt as a safe and attractive investment destination. Successful international marketing is not limited to highlighting the quality of projects and available investment opportunities, but also extends to promoting the system of procedures, legislation, and guarantees that give foreign investors the confidence and reassurance they need regarding the ease of introducing their investments, ensuring their sustainability, and realizing returns. We are not just marketing real estate; we are marketing confidence in investing in Egypt.”
Ayman Amer, General Manager of SODIC Furthered: “Today’s gathering provided a valuable opportunity with a shared objective to discuss the future of Egypt’s real estate sector. The current changes in the market hold significant potential and opportunities that can be utilized through effective collaboration among all stakeholders, including the government and private sector, to drive the sector forward and unlock its full potential.”
Commenting on the forum, Dr. Ahmed Omara, Vice President for The Real Estate and Commercial Affairs, NUCA, said:” We at the New Urban Communities Authority are working closely with all the stakeholders to improve the market regulations, attract more investments, and maintain the trust and confidence in the real estate sector. While the market is witnessing some challenges, it’s showing a healthy indicator, as our insights shows that majority of the new cities’ developers are still able to deliver their projects”.
Mr. Ibrahim El Missiri, Group CEO of Somabay, said: “Taking part in this roundtable is a valuable opportunity to engage with fellow industry leaders on the micro-economic, geopolitical, and regulatory forces shaping Egypt’s real estate market. It also provides a platform to exchange perspectives and put forward practical recommendations that can help strengthen the investment climate and support the sector’s continued growth. At Somabay, we have always viewed real estate development as more than building properties. Our vision is to create a fully integrated destination where residential living, hospitality, services, and lifestyle experiences come together to offer lasting value. We also believe that healthy competition is essential to a thriving real estate market. It encourages developers to raise their standards, think differently, and continuously bring greater value to customers. Ultimately, a stronger, more diverse market benefits everyone and creates greater opportunities for the sector.”
Eng. Hazem Helal, CEO, Orascom Real Estate, said: “In a tough market, trust becomes the real differentiator. Trust is built by honoring commitments: delivering on schedule and continuing to invest in after-sales service and the client experience long after clients receive their homes. For developers who live by these values, today’s market presents a great opportunity.”
In this context, Haitham Abdelazim, CEO of Ora Developers Egypt, emphasized that the strength of the real estate market is not measured solely by sales value, but also by developers’ ability to execute and deliver their projects according to clear timelines, while ensuring sustainable financing to complete them. He explained that strengthening investor and customer confidence requires greater clarity in regulatory procedures, transparency regarding construction and delivery progress, as well as diversifying funding sources in line with construction costs and developers’ commitments. He further stressed that Ora remains focused on achieving tangible progress across its projects and delivering its units, reflecting its commitment to customers and supporting the sustainable growth of Egypt’s real estate market.
Eng. Fathallah Fawzy, Vice Chairman of the Egyptian Businessmen’s Association and Chairman of its Real Estate Development and Contracting Committee, said: “The Egyptian real estate sector is going through a phase that calls for stronger dialogue and coordination among all parties in the ecosystem, especially in light of economic changes and challenges related to financing and purchasing power. The importance of these discussions lies in giving government officials, developers and investors the opportunity to exchange views and present realistic insights based on their market experience. Reaching sustainable solutions also requires striking a balance between developers’ interests and customers’ needs, along with developing financing mechanisms and strengthening confidence in the market, supporting its stability and its ability to attract investment and continue growing.”
The forum concluded by emphasizing the importance of maintaining ongoing dialogue between the government, developers, and investors to keep pace with market changes and support its growth. By bringing key industry stakeholders together around shared priorities, Cityscape continues to serve as a leading platform for dialogue and knowledge exchange. The insights shared during the forum will also help shape Cityscape Egypt 2027, ensuring an experience that is more closely aligned with the sector’s needs and participants’ expectations.
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