Cairo: Eng. Omar Attaby, CEO of Attaby Consultancy participated as a speaker in the round table at Invest Gate event entitled “Egypt’s Real Estate Market VS Economics Crises” in cooperation with the Egyptian Businessmen’s Association. The round table brought together a group of experts and decision-makers engineering sector, to look at the developments in the sector, the impact of current events on market requirements, strategic plans for growth and attracting more local and foreign investments.

In this context, Eng. Omar Attaby discussed the market challenges that rose globally and locally as a result of the economic crisis and the extent of their impact on the engineering consultancy sector. He stressed on his positive view on the current economic crises through several recommendations. His recommendations included the government's interest in encouraging foreign direct investment by supporting investors, especially local ones and removing all obstacles to support and stimulate the sector to avoid a slowdown in the local economy.

In this context, Eng. Omar Attaby discussed during his participation in the round table how to face the current crises through sustainable financing and the opportunities it provides to achieve economic stability, which greatly benefits developers and consultants. Moreover, it supports Egypt’s direction and Vision 2030 in achieving sustainable development in all its economic, environmental, and social axes.

Attaby also highlighted the need to rely on sustainability, stressing on the use of sustainable and environment-friendly raw materials to make optimal use of them in all aspects, as they are available at an affordable cost to tolerate benefits from sustainable financing. In addition, it supports in educating consultants, contractors, and Real estate developers to use them in cooperation with the concerned governmental agencies. He also addressed that Egypt will be beholding the World Urban Forum for Green Cities 2024 to achieve local economic growth, sustainable environment and social development in order to offer modern and innovative real estate development mechanisms.

The round table involved a lengthy session entitled "Tools to overcome crises", and it was divided into four axes representing the roles of decision-makers concerned with the real estate and engineering sectors, specifically: the role of the government, the role of developers, the role of the banking sector, and the role of the contracting sector. Various topics about the industry were discussed by experts, consultants, and businessmen in the sector, the most prominent of which were: fixing the prices of building materials for a specific period of time until the completion of existing projects, providing new facilities for real estate financing, and developing plans to overcome financing problems. In addition, the discussion included the role of the banking sector in finding new financing solutions from banks, whether for the developer or the customer, to support the real estate market.

It is noteworthy that Invest Gate organizes a number of roundtables annually that includes businessmen, real estate developers, investors, contractors, brokers, bankers, agents, legal experts, and consultants, to provide opportunities for serious and different dialogue between representatives of the real estate and engineering consultancy sectors to assess the changes that the market has witnessed over the past years and research development plans in order push the wheel of the Egyptian economy.

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About Attaby Consultancy:

Attaby Consultancy is a leading company, with four decades of experience, that provides multiple engineering consultancy services through a team with diverse experience in all engineering disciplines. Attaby Consultancy has a proven track record of projects in the fields of study and planning, architecture, sustainability, industrial and urban planning, smart cities, infrastructure, power plants, water treatment plants, roads, and bridges. The solid position of Attaby Consultancy stems from the experience of its leadership team, and the name of the company goes back to the pioneering position of its founder, who provided the industry with more than 50 publications of studies and books published all over the world. Attaby Consultancy has succeeded in designing and supervising the implementation of more than 2000 projects over the past years, with a total project value of more than 25 billion US dollars.