The Real Estate Development Chamber (REDC) signed a cooperation protocol with the Dubai Land Department (DLD) in order to promote mutual real estate investment between developers in Egypt and the UAE.
Tarek Shoukry, head of the REDC, said that the protocol aims to exchange expertise on several levels including the technological and technical fronts, encompassing a record of all real estate transactions. Moreover, issuing indicators describe market activity and information on several investment opportunities.
In the International Property Show (IPS) conference which was held on Thursday, Shoukry added that the protocol also includes cooperation in the legal aspect to study legislation which regulates the real estate sector in the two countries, and sharing their experience in this regard.
As for Majida Ali Rashid, the assistant director general of the DLD, she said that the IPS includes very distinguished projects, pointing out that the cooperation between the government and the private sector increases the strength of the real estate sector.
The IPS is being held in the period from 10 to 13 January with the participation of large Egyptian, Emirati, as well as foreign real estate companies.