عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Saudi Housing Minister Meets Egyptian Real Estate Developers

The Egyptian Minister of Housing and his Saudi counterpart, with the head of the Talaat Moustafa group. (Photo: Asharq Al-Awsat)
The Egyptian Minister of Housing and his Saudi counterpart, with the head of the Talaat Moustafa group. (Photo: Asharq Al-Awsat)
TT
20
TT

Saudi Housing Minister Meets Egyptian Real Estate Developers

The Egyptian Minister of Housing and his Saudi counterpart, with the head of the Talaat Moustafa group. (Photo: Asharq Al-Awsat)
The Egyptian Minister of Housing and his Saudi counterpart, with the head of the Talaat Moustafa group. (Photo: Asharq Al-Awsat)

The Egyptian-African Businessmen Association (EABA) organized an intensive meeting on Saturday in Cairo to discuss opportunities for real estate development in the Kingdom.

The meeting was attended by Majid Al-Hogail, Saudi Minister of Housing, Dr. Essam bin Saad bin Saeed, Saudi Minister of Hajj and Umrah, and Engineer Mohamed Albuty, Chairman of the Board of Directors of the National Housing Company, along with the EABA Construction and Building Committee, headed by Engineer Mahmoud Hegazy and a group of senior Egyptian real estate developers.

The Saudi side gave a detailed presentation of the Kingdom’s achievements over the past six years in the housing sector, emphasizing the role of the National Housing Company in this regard.

“All of this contributed to the growth of the volume of financing for real estate projects from 30 billion riyals to nearly 380 billion riyals during the last 5 years,” Al-Hogail said, pointing to the increasing demand on the integrated housing system implemented by Saudi Arabia.

The Saudi minister affirmed his full support for Egyptian real estate developers’ endeavor to work within the Kingdom, saying that Saudi Arabia was “proud of the Egyptian expertise and ready to strengthen cooperation in this field.”

For his part, Dr. Yousri El-Sharqawy, head of the Egyptian-African Businessmen Association, stressed that the Kingdom has provided a pioneering model in real estate development.

He added that the EABA was looking forward to establishing joint investments between the private sector and real estate developers under the auspices of the two countries’ leaderships.

On Friday, Eng. Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group, received the Saudi minister and his Egyptian counterpart, and the accompanying Saudi delegation, on a tour inside the city of Madinaty in New Cairo.

Most Viewed

 
Business

Saudi Arabia Calls for Global Water Cooperation to Advance Integrated Management

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
TT
20
TT

Saudi Arabia Calls for Global Water Cooperation to Advance Integrated Management

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday with the participation of top scientists, experts, decision-makers from around the world.

Saudi Minister of Environment, Water and Agriculture Abdulrahman Alfadley, with the participation of World Water Council President Loïc Fauchon, inaugurated the official logo of the World Water Forum 2027.

In his remarks, Alfadley emphasized Saudi Arabia’s call for strengthened international cooperation and joint efforts among countries and organizations to tackle global water challenges. He underscored the importance of ensuring universal access to water and sanitation services as a key pillar in achieving Sustainable Development Goal 6 (SDG 6).

“Saudi Arabia prioritizes the water sector through various measures, including the adoption of a national strategy encompassing water production, storage, transportation, distribution, treatment, and reuse, all within a comprehensive institutional framework,” Alfadley added.

He further stated that the Kingdom has implemented Integrated Water Resources Management and enhanced supply chain governance. This is supported by the release of a long-term supply and demand plan that extends to 2050, alongside a commitment to environmental, social, and economic considerations in alignment with Saudi Vision 2030.

Highlighting the Kingdom's leading role in supporting regional and international water issues, Alfadley pointed to the launching of the Global Water Organization, aimed at fostering international collaboration, and the establishment of an International Water Research Center focused on water economics, water security, advanced technologies, and digital transformation.

Fauchon said the council, in collaboration with Saudi authorities, has developed a comprehensive framework outlining the thematic, regional, and political components that will shape the roadmap for the 11th edition of the forum that is being held in the Middle East for the first time.

He stressed the need to make water a top global priority, adding that this gathering will lay the foundation for future water policies. “The way ahead is still long, but we are confident we’re on the right path toward real solutions—solutions that can change lives,” he said.

Deputy Minister for Water at the Ministry of Environment, Water, and Agriculture Dr. Abdulaziz Alshaibani underscored the urgency of the current moment, describing the preparatory meeting as a call for serious and immediate action. Alshaibani emphasized the need to build upon existing progress in the water sector and to move decisively towards solidifying priorities.

He stressed the importance of greater coherence and integration across all sectors, along with the unification of all efforts, to achieve tangible solutions to global water challenges and to meet SDG 6. Alshaibani further noted that effective solutions must be anchored in several key pillars, including financing, innovation, diplomacy, and environmental considerations.

The World Water Forum 2027, organized by the World Water Council in Saudi Arabia, is a significant international platform for exchanging ideas and experiences in water management.