the Faculty of Law Discusses the Legal and Economic Aspects of Real Estate Investment at its Annual Conference
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Under the patronage of Prof. Cherif Khater, President of Mansoura University, the Faculty of Law Discusses the Legal and Economic Aspects of Real Estate Investment at its Annual Conference
The 24th Annual International Conference of the Faculty of Law at Mansoura University, titled "Legal and Economic Aspects of Real Estate Investment," was held from April 27 to 28.
The conference was attended by Prof. Cherif Khater, President of Mansoura University; Porf. Ahmed Gamal El-Din Moussa, former Minister of Education and Higher Education; Prof. El-Sayed Abdel Khalek, former Minister of Higher Education; Prof. Reda Abdel Salam, former Governor of Sharkia Governorate; Prof. Walid El-Shenawy, Dean of the Faculty; Prof. Ibrahim Abdullah, Vice Dean for Graduate Studies and Research; Prof. Tamer Saleh, Vice Dean for Education and Student Affairs; Prof. Alaa El-Tamimi, Vice Dean for Community Service and Environmental Development; department heads; and Dr. Mona Abu Bakr, conference rapporteur. Representatives of judicial bodies and authorities, researchers, and conference participants from Egypt and other Arab countries also attended.
The conference was presented by Dr. Ali Abdel Aziz, Lecturer in the Department of Islamic Sharia at the Faculty of Law. The conference aims to review the legislative frameworks and economic and legal visions governing real estate investment, as one of the most important pillars of sustainable development plans in Egypt. It also addresses practical issues from a legal and economic perspective, examining the legislative and economic mechanisms used by countries to stimulate real estate investment, and highlighting the success of these mechanisms in Egypt. The conference also seeks to formulate national action plans to develop real estate wealth and maximize its benefits, address real estate financing systems, and review global experiences in their implementation.
In his opening remarks, Prof. Cherif Khater welcomed the attendees to Mansoura University, a beacon of knowledge in Egypt and the Arab world. He expressed his great pleasure at the opening of the 24th International Conference of the Faculty of Law at Mansoura University, which discusses the legal and economic aspects of real estate investment. He pointed out that the Egyptian government attaches great importance to the real estate investment sector, as it is one of the fundamental pillars for achieving sustainable economic and social development, accommodating population growth, and relieving pressure on older cities through the establishment of new, smart, and integrated cities. He added that the Egyptian state's commitment, under the leadership of President Abdel Fattah El-Sisi, to implementing green building standards and utilizing modern technologies in the construction of its real estate projects. Real estate investment is a strategic driver for driving economic growth, achieving comprehensive development, and strengthening Egypt's position as a promising regional hub for real estate investment. He had also extended his appreciation to the team responsible for organizing this conference, which demonstrated such a distinguished presence. He expressed his hope that the conference would produce several practical recommendations and outcomes.
Prof. Walid El-Shenawy pointed out that Egypt possesses a large real estate reserve and that the Egyptian market continues to maintain its position as a major destination for real estate investment, despite the economic fluctuations witnessed by the global economy. He emphasized that the conference addresses the economic aspects of real estate investment, including dimensions related to attracting foreign investment, tax policies, real estate financing, from a public law perspective, consumer protection mechanisms in real estate financing contracts, mechanisms for protecting real estate investors from risks, the specificity of legal protection for real estate development, and other important topics.
Prof. Ibrahim Abdullah stated that the real estate sector in Egypt is one of the most important economic sectors driving economic growth. The legal framework regulating real estate investments is a cornerstone in ensuring the rights of all stakeholders and achieving transparency and fairness in transactions across multiple facets. He added that more than 50 researchers submitted distinguished research papers, all of which were referred to arbitration committees composed of a select group of distinguished scholars. The committees selected the best twenty-one research papers in various branches of legal, economic, and Sharia studies.
Dr. Mona Abu Bakr emphasized that the Faculty of Law provided an opportunity for researchers to discuss the legal challenges facing real estate investment and analyze the legal framework regulating this investment and its effectiveness. This is because supporting real estate investment has become a strategic goal for the Egyptian state in its serious and tireless efforts to strengthen Egypt's position on the global investment map.
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