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Housing Minister, SED discuss investment opportunities

Businessmen Team news 16 September 2025 10:22 PM
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Housing Minister, SED discuss investment opportunities

Housing Minister Sherif El-Sherbiny met today with officials from the Saudi Egyptian Developers (SED). The talks focused on investment opportunities in new cities and the Maspero area. Senior leaders from the ministry and the authority also attended the meeting.

El-Sherbiny said the ministry, through the New Urban Communities Authority, has introduced a wide range of mechanisms to attract investors. These tools aim to support opportunities in all new cities, especially fourth-generation cities. He stressed that the approach is designed to maximize the use of available land.

The meeting also covered investment opportunities at the Marina Tourist Center, including proposed sites and the project’s master plan. It further reviewed prospects within the Maspero Towers project. The minister called for ongoing coordination with the company to finalize details and move projects forward.