Housing Minister Randa El Minshawy says Egypt’s property sector is driving growth and attracting investment.
Egypt has witnessed a major urban boom in recent years
Egypt’s Minister of Housing, Utilities and Urban Communities Randa El Minshawy said the country’s real estate sector has become one of the main engines of economic growth, driven by large-scale urban expansion and infrastructure development projects across the country.
Egypt’s Minister of Housing, Utilities and Urban Communities Randa El Minshawy said the country’s real estate sector has emerged as one of the main engines of economic growth and one of the most attractive sectors for investment, amid what she described as an unprecedented urban transformation driven by the Egyptian state.
Speaking during the sixth edition of the Akhbar Al Youm Real Estate Conference, held under the theme “Egypt’s Real Estate Industry: Attractive Investments and Promising Opportunities,” El Minshawy said the conference has become an important national platform for discussing the future of urban development and investment in Egypt.
She praised the role of the state in reshaping Egypt’s urban map through a comprehensive development vision led by President Abdel Fattah El-Sisi, focused on expanding inhabited areas, developing integrated urban communities, and improving quality of life.
According to the minister, Egypt has witnessed a major urban boom in recent years, including expansion of inhabited land areas, construction of fourth-generation cities, infrastructure upgrades, housing projects across different income categories, and the launch of major national development projects.
The government says urban development projects are reshaping Egypt’s economic and investment landscape.
She said the real estate sector now plays a critical role not only because of direct and indirect job creation, but also due to its links with more than 100 economic industries and activities.
“The state believes sustainable development can only be achieved through integration between the government, developers, and investors.”
Randa El Minshawy
El Minshawy stressed that sustaining growth in the real estate sector requires stronger competitiveness, institutional efficiency, and deeper partnerships with the private sector.
She said the Ministry of Housing is working to expand investment opportunities, introduce flexible partnership models, accelerate development rates, maximize the value of state assets, and balance development goals with economic returns.
The minister added that Egypt is working to create a more transparent and investor-friendly business environment that strengthens confidence among both local and foreign investors in the Egyptian property market.
El Minshawy said the ministry is giving significant attention to modernizing the legislative and regulatory framework governing the real estate sector in line with rapid market changes.
She explained that current reforms aim to organize the real estate market, protect the rights of all parties, improve governance and transparency, support digital transformation, and simplify procedures and services.
Regulatory reforms aim to create a more stable and transparent real estate market.
The ministry is modernizing operational systems and digital services.
Reforms seek to improve governance and protect the rights of all stakeholders.
The ministry is also working to modernize operational systems and strengthen digital solutions to improve the overall investment climate.
The minister described new cities as one of the main pillars of Egypt’s sustainable urban development strategy, saying they have evolved beyond residential zones into fully integrated communities offering housing, employment opportunities, industrial zones, commercial services, educational facilities, and healthcare infrastructure.
She also highlighted growing demand for mixed-use developments combining residential, commercial, administrative, and entertainment activities within integrated urban environments.
El Minshawy added that coastal and tourism cities represent some of the most promising opportunities for Egypt’s real estate sector, particularly given the country’s strategic locations on the Mediterranean and Red Seas.
She pointed to New Alamein as a successful example of modern urban development that combines advanced infrastructure with tourism, residential, and investment opportunities.
The minister said Egypt’s urban expansion has been closely tied to major improvements in infrastructure and transportation networks, which she described as the real foundation for attracting investment and supporting development.
She highlighted the implementation of national road and bridge networks, water and sanitation projects, energy infrastructure, and telecommunications systems.
According to El Minshawy, these projects have improved connectivity, raised living standards, and created a stronger environment for urban and investment growth.
El Minshawy said Egypt is steadily moving toward building a sustainable and integrated urban future based on scientific planning, effective partnerships, and long-term investment in both infrastructure and people.
