Egypt courts Omani developers as 20-company delegation tours new-city opportunities
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Housing Minister Randa Al-Minshawi pitched new-city and coastal land to a 20-strong Omani developer delegation, with both sides agreeing to set up coordination channels for cross-border partnerships.
Egypt's Minister of Housing, Utilities and Urban Communities, Randa Al-Minshawi, met Oman's Ambassador to Cairo, Abdullah bin Nasser Al-Rahbi, and a delegation from Oman's Ministry of Housing and Urban Planning to explore joint investment in urban development and real estate.
The Omani delegation included representatives of 20 leading real estate development companies seeking to learn about Egypt's urban development experience and to assess investment opportunities in the local market.
Al-Minshawi pointed to opportunities for Omani companies in the new cities managed by the New Urban Communities Authority (NUCA) and in coastal areas under the Tourism Development Authority. She stressed the importance of introducing Omani investors to available projects and the applicable regulatory frameworks in order to encourage long-term partnerships.
Ambassador Al-Rahbi said Oman was interested in learning from Egypt's experience of expanding urban development through new cities and in exploring joint development ventures across the real estate sector.
After the bilateral meeting, officials from both countries held an expanded roundtable with the visiting developers. The session included a presentation on Egypt's recent urban development achievements, setting out investment mechanisms and available land plots across the residential, commercial, administrative, tourism and entertainment segments. The Omani delegation presented key projects in the sultanate, including Sultan Haitham City, the Al-Jabal Al-Ali development and the Sorouh initiative.
Both sides agreed to establish ongoing coordination mechanisms to facilitate information exchange and help advance cross-border investment and partnerships in the real estate sector.