{"id":641339,"date":"2017-09-19T04:05:45","date_gmt":"2017-09-19T04:05:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/19\/euromoney-highlights\/"},"modified":"2017-09-19T04:05:45","modified_gmt":"2017-09-19T04:05:45","slug":"euromoney-highlights","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/19\/euromoney-highlights\/","title":{"rendered":"Euromoney highlights"},"content":{"rendered":"

HIGHLIGHTS from the Euromoney conference: <\/strong>Speakers on the opening day of the conference yesterday included SODIC Managing Director Magued Sherif, <\/strong>who discussed the continued rally of the real estate market in a panel discussion on the sector<\/a> (pdf). Sherif pointed to Egypt\u2019s demographics as spurring further property development despite a 40% increase in costs following the float of the EGP. In a separate interview with Daily News Egypt<\/a>, Sherif pointed to high land prices as one of the main problems the sector is facing and urged the government to act on that front. \u201cThe government must also bring more land to the market in each auction,\u201d he said, adding that there was a new real estate policy which is expected to regulate bidding by classifying developers according to track record and development capacity. He expects to see more partnerships to mitigate against inflation.<\/p>\n

EGX chairman Mohamed Farid <\/strong>spoke (pdf)<\/strong><\/a>about new capital market and financial instruments the bourse is planning on introducing<\/a>, including a commodities exchange and allowing short-selling on the EGX.<\/p>\n

Also speaking was Egyptian-American Enterprise Fund Executive Director Amal <\/strong>Enan, <\/strong>who discussed (pdf)<\/a> how the fund\u2019s strategy after the EGP float now focusses on investing in exporters after having been primarily concentrated on microfinance and financial inclusion. Other speakers and panelists included:<\/p>\n