Mohamed Amer

Mohamed Amer: The New Capital most attractive to investment and implementation rates is accelerating daily

Egypt is currently witnessing an unprecedented urban Renaissance through the construction of more than 14 new cities, but all the lights have been pointed towards the new administrative capital, because it is witnessing an unprecedented level of achievement that we have never seen before in terms of infrastructure and implementation rates accelerating daily, said Mohamed Amer, head of business for Mercon Real Estate Development.

During a TV interview with the program of the Capital Club broadcast on the Egyptian satellite, presentation by the media Reem El-Shafei, he pointed out that there is a giant road network to connect the capital with all axes and a transportation network to save time and effort, in addition to the capital containing all real estate products from administration, commercial, medical, hotel and housing, as well as providing housing for The limited and middle-income and distinguished housing to meet the desires of all segments of society and make them the most attractive to investment.

Amer added that the capital is different now from before. The beginning of the announcement of the capital was feared that it was not fully aware of its location and the return from the investment in it. In a short period.

He explained that the demand rate for real estate is constantly increasing, and even with the urban boom that Egypt is experiencing today. The diversity of the real estate product is highly responsible for the fact that many resort to real estate investment, which they consider to be a safe haven. Rates of increase always occur. A large group resorted to directing their savings in banks towards real estate as a result of low interest and its preference for investing in gold. We've become accustomed to heights over the long term.

He stressed that the state provided a good investment climate and created a kind of confidence for the investor, whether he is an Egyptian or foreign developer, as a result of the state's participation in products within this giant project and providing a distinctive product to create a type of competition that serves the customer by providing a real estate product of the highest specifications.

As for the real estate tax, Amer said that it is currently being studied in detail according to the value of the unit, its location and type and with the programs currently launched by the state to serve the limited and middle-income segments, as well as the development of slums and a decent life, so there must be such taxes, which will not be imposed arbitrarily, but through a careful study to serve the rest of the other programs of the state that benefit the citizen and the economy as a whole.