Latest news with #MohamedYoussef
Zawya
3 days ago
- Business
- Zawya
Fractional ownership gains ground in Egypt amid drive for innovation, market regulation
Egypt - Rising property prices in Egypt have paved the way for a new investment trend: fractional ownership in real estate. This emerging model is increasingly seen as an attractive avenue for both individual and institutional investors. By allowing multiple parties to co-own shares of a property—often in premium or income-generating developments—fractional ownership reduces entry costs, distributes risk, and opens the market to smaller investors, aligning with evolving dynamics in the real estate sector. At the Fractional Real Estate Roundtable, Mohamed Youssef, Advisor to the Chairperson of the General Authority for Investment and Free Zones (GAFI) for Promotion, revealed that active discussions are underway with the Financial Regulatory Authority (FRA) to establish frameworks that safeguard investor interests in this growing segment. He also announced that GAFI is preparing a package of incentives tailored to boost investment in Egypt's real estate market. Youssef noted that Egypt's property sector has experienced remarkable growth in recent years, especially in New Alamein and the New Administrative Capital. He emphasized the potential of fractional ownership to appeal not only to local investors but also to Egyptians abroad and foreign nationals, particularly given Egypt's relative economic and political stability. Tarek Shoukry, Chairperson of the Real Estate Development Chamber at the Federation of Egyptian Industries, announced reforms in property registration procedures aimed at streamlining ownership verification. He shared that a Property Origin Certificate will now mark the starting point of the registration process, following the issuance of a national ID number for the property. In coordination with the Ministry of Communications, properties meeting criteria for electricity meter installation can obtain this national ID within 24–48 hours. Shoukry added that under-construction buildings that have received ministerial approval and building permits are also eligible for a real estate national ID within 48 hours. These changes are expected to accelerate documentation and transaction processes while improving transparency and governance in the sector. Fathallah Fawzy, Vice Chairperson of the Egyptian Businessmen's Association and Chair of its Construction and Building Committee, described fractional ownership as an innovative and promising investment mechanism. He noted that it supports the development of more inclusive and adaptive financial tools in real estate, extending access to a broader pool of investors and supporting economic diversification. Fawzy also called for the creation of a dedicated regulatory entity to oversee and support the sustainable growth of Egypt's real estate market, including its evolving investment models. Mostafa El Beltagy, Co-founder and CEO of Nawy, expressed support for the concept but flagged potential risks, particularly its vulnerability to money laundering if not properly regulated. He stressed the need for robust FRA oversight, warning that without a clear legal framework, fractional ownership could become a loophole for illicit financial activity. El Beltagy highlighted the model's potential, noting that although Egypt has a population of over 100 million, only about 100,000 real estate transactions occur annually, with just 35% driven by investment purposes. Fractional ownership, he argued, could significantly increase market participation. Salah Katamish, Senior Vice President of Investment & Strategy at Madinat Misr, emphasized the role of technology in revitalizing fractional ownership. He pointed to the company's app, Safe, launched six months ago, as a key enabler. The platform allows users to browse properties, view expected returns, and complete transactions with full transparency. Katamish stated that Safe currently focuses on rented units, offering investors the opportunity to earn immediate income, thereby improving investment appeal and credibility. Ahmed Saqr, Founder and CEO of SDC Egypt and the Farida fractional ownership platform, noted that while Egypt is viewed by foreign investors as high-risk, it also presents high-return potential. Saqr disclosed that trading property shares on the Farida platform—akin to stock exchange trading—is expected to commence in January 2026, contingent on regulatory approval. He affirmed that Egypt's real estate sector holds substantial untapped potential and that fractional ownership could play a key role in unlocking new demand. Mohamed Abdel-Gawad, CEO of Vantage Developments, echoed this sentiment, describing fractional ownership as a transformative tool for real estate investment. He explained that it allows investors to acquire shares in income-generating properties without purchasing full units, democratizing access and widening the investor base. However, Abdel-Gawad underscored the importance of a clear implementation roadmap, diversified portfolios, and robust legal frameworks to govern ownership rights, operations, and exit strategies. He warned that limiting share resale to the original development company could restrict investor exits and impact liquidity. To counter this, he proposed establishing a Special Purpose Vehicle (SPV) or investment fund managed by a professional third-party operator—who would also retain a minor equity stake. This structure, he argued, could streamline investor entry and exit, offer secondary market access, and introduce structured buyback options, thus enhancing investor confidence and long-term viability.
Daily News Egypt
3 days ago
- Business
- Daily News Egypt
Fractional ownership gains ground in Egypt amid drive for innovation, market regulation
Rising property prices in Egypt have paved the way for a new investment trend: fractional ownership in real estate. This emerging model is increasingly seen as an attractive avenue for both individual and institutional investors. By allowing multiple parties to co-own shares of a property—often in premium or income-generating developments—fractional ownership reduces entry costs, distributes risk, and opens the market to smaller investors, aligning with evolving dynamics in the real estate sector. At the Fractional Real Estate Roundtable, Mohamed Youssef, Advisor to the Chairperson of the General Authority for Investment and Free Zones (GAFI) for Promotion, revealed that active discussions are underway with the Financial Regulatory Authority (FRA) to establish frameworks that safeguard investor interests in this growing segment. He also announced that GAFI is preparing a package of incentives tailored to boost investment in Egypt's real estate market. Youssef noted that Egypt's property sector has experienced remarkable growth in recent years, especially in New Alamein and the New Administrative Capital. He emphasized the potential of fractional ownership to appeal not only to local investors but also to Egyptians abroad and foreign nationals, particularly given Egypt's relative economic and political stability. Tarek Shoukry, Chairperson of the Real Estate Development Chamber at the Federation of Egyptian Industries, announced reforms in property registration procedures aimed at streamlining ownership verification. He shared that a Property Origin Certificate will now mark the starting point of the registration process, following the issuance of a national ID number for the property. In coordination with the Ministry of Communications, properties meeting criteria for electricity meter installation can obtain this national ID within 24–48 hours. Shoukry added that under-construction buildings that have received ministerial approval and building permits are also eligible for a real estate national ID within 48 hours. These changes are expected to accelerate documentation and transaction processes while improving transparency and governance in the sector. Fathallah Fawzy, Vice Chairperson of the Egyptian Businessmen's Association and Chair of its Construction and Building Committee, described fractional ownership as an innovative and promising investment mechanism. He noted that it supports the development of more inclusive and adaptive financial tools in real estate, extending access to a broader pool of investors and supporting economic diversification. Fawzy also called for the creation of a dedicated regulatory entity to oversee and support the sustainable growth of Egypt's real estate market, including its evolving investment models. Mostafa El Beltagy, Co-founder and CEO of Nawy, expressed support for the concept but flagged potential risks, particularly its vulnerability to money laundering if not properly regulated. He stressed the need for robust FRA oversight, warning that without a clear legal framework, fractional ownership could become a loophole for illicit financial activity. El Beltagy highlighted the model's potential, noting that although Egypt has a population of over 100 million, only about 100,000 real estate transactions occur annually, with just 35% driven by investment purposes. Fractional ownership, he argued, could significantly increase market participation. Salah Katamish, Senior Vice President of Investment & Strategy at Madinat Misr, emphasized the role of technology in revitalizing fractional ownership. He pointed to the company's app, Safe, launched six months ago, as a key enabler. The platform allows users to browse properties, view expected returns, and complete transactions with full transparency. Katamish stated that Safe currently focuses on rented units, offering investors the opportunity to earn immediate income, thereby improving investment appeal and credibility. Ahmed Saqr, Founder and CEO of SDC Egypt and the Farida fractional ownership platform, noted that while Egypt is viewed by foreign investors as high-risk, it also presents high-return potential. Saqr disclosed that trading property shares on the Farida platform—akin to stock exchange trading—is expected to commence in January 2026, contingent on regulatory approval. He affirmed that Egypt's real estate sector holds substantial untapped potential and that fractional ownership could play a key role in unlocking new demand. Mohamed Abdel-Gawad, CEO of Vantage Developments, echoed this sentiment, describing fractional ownership as a transformative tool for real estate investment. He explained that it allows investors to acquire shares in income-generating properties without purchasing full units, democratizing access and widening the investor base. However, Abdel-Gawad underscored the importance of a clear implementation roadmap, diversified portfolios, and robust legal frameworks to govern ownership rights, operations, and exit strategies. He warned that limiting share resale to the original development company could restrict investor exits and impact liquidity. To counter this, he proposed establishing a Special Purpose Vehicle (SPV) or investment fund managed by a professional third-party operator—who would also retain a minor equity stake. This structure, he argued, could streamline investor entry and exit, offer secondary market access, and introduce structured buyback options, thus enhancing investor confidence and long-term viability.
Egypt Today
28-04-2025
- Sport
- Egypt Today
Al Ahly Appoints Mohamed Youssef as Sporting Director and Emad El-Nahhas as Interim Head Coach
Cairo, April 28, 2025: Al Ahly Club has announced the appointment of Mohamed Youssef as Sporting Director, and Emad El-Nahhas as General Coach and Acting Head Coach for the first football team. Mohamed Shawky has also been named as a coach, while Michel Iannacone will continue in his role as goalkeeping coach until a new foreign head coach is appointed in the coming period. The club expressed its gratitude to Swiss coach Marcel Koller, the former head coach of the first team, for his tremendous efforts since taking over. With his expertise and collaboration with the club's system, he helped achieve many domestic and continental titles. In an official statement, Al Ahly emphasized its appreciation for what Koller contributed, valuing his efforts highly. The club also extended its thanks to his entire technical staff, acknowledging their dedication and hard work. Due to urgent circumstances and the strong relationship built over time, Al Ahly is currently negotiating with Marcel Koller to amicably terminate his contract in a manner befitting the club and the coach. Additionally, Al Ahly has accepted the resignation submitted by Sami Komsan, assistant coach of the first team, thanking him for his many years of tireless service, commitment, and loyalty, during which he consistently upheld the club's best interests. The club also announced that it has accepted the resignation of the former Sporting Director, expressing gratitude for the significant effort he made since taking on the role. Al Ahly was recently eliminated from the CAF Champions League at the semifinal stage after a 1-1 draw in Cairo on Friday evening in the second leg, following a goalless draw in the first leg in South Africa. The team is now preparing for its upcoming match against Petrojet, scheduled for 8 PM next Wednesday, in the third round of the Egyptian Premier League title-deciding phase.
See - Sada Elbalad
27-04-2025
- Entertainment
- See - Sada Elbalad
Shobeir: Mohamed Youssef Close to Coaching Al Ahly
Amir Hagag Media professional Ahmed Shobeir revealed that the Al Ahly club management has largely settled on appointing Mohamed Youssef, the former coach of the team and current head coach of the Haras El Hodoud team, as interim coach until a foreign coach is hired. Ahmed Shobeir said that Mohamed Youssef will lead Al Ahly temporarily for the coming period, along with Mohamed Shawky, who previously served as deputy sports director. He explained that another coach from the youth sector will join this temporary staff. read more Japan Stun Spain 2-1 to Qualify for World Cup Last 16 World Cup 2022: Get to Know Confirmed Line-ups of Japan and Spain Group E Decider Saudi Arabia Bid Farewell to World Cup after 2-1 Loss to Mexico Tunisia Achieve Historic Win over France but Fail to Qualify Tunisia to Clash against France in World Cup Sports Get to Know Squad of Group D Teams in World Cup Sports Al Ahly Gift EGP 70,000 to Players After Claiming Egyptian Super Cup Title Sports Bencharki Hits First 2 Goals with Al Jazira Since Leaving Zamalek Sports Arsenal Possible Line-up for Nottingham Forest News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
Egypt Today
26-02-2025
- Business
- Egypt Today
Orange and Huawei collaborate to launch Huawei SD-WAN over HCS Platform, marking a First in Egypt
Orange Egypt, the leading provider of integrated telecommunications services, and Huawei, announced a strategic partnership to launch Huawei's SD-WAN services (Software-Defined Wide Area Network) over Huawei Cloud Stack (HCS) Platform for the first time in the Egyptian market. Adopting SD-WAN represents a strategic step toward a future-proof network, driving efficiency and ensuring continuous success in the digital era. Through this partnership, Huawei's SD-WAN delivers seamless network management, dynamic path selection, and enhanced performance. In addition, it strenghthens security, improves user experience across geographically dispersed offices, and supports remote workforces and business continuity. This partnership reinforces Orange's strategic commitment to delivering a broader range of WAN services in the Egyptian market, in full compliance with the regulations and standards governing the use of SD-WAN across various fields. In this context, Mr. Hesham Mahran, Chief Business Officer at Orange Egypt, said: "The new partnership between Orange and Huawei to provide Orange SD_WAN solutions builds on the current long-standing collabortaion between the two companies.' 'Orange has supported many governmental entities as well as international and local companies in their digital transformation journey. By enabling the optimal utilization and management of Network/IT resources, we further solidify our position as a leading provider of advanced technology services in the Egyptian market." He added Mr. Mohamed Youssef, Key Account Executive at Huawei Egypt, said: "We are proud to strengthen our strategic partnership with Orange through the launch of SD-WAN services. This is a testament to our long standing partnership, which has resulted in delivering numerous successful projects in Egypt over the past 20 years.' 'With Huawei's SD-WAN, we aim to revolutionize Orange's digital transformation efforts by leveraging our latest technologies and global expertise. It will also significantly support our strategic vision in fostering WAN connectivity growth opportunities in Egypt."
