Washington: Minister of Investment and Foreign Trade Hassan el Khatib affirmed that Egypt’s major international real estate projects embody successful public-private partnerships and highlight the country’s growing position as a regional center for business and innovation in the Middle East. He noted that the government continues to facilitate investment procedures and provide a stable, attractive environment for both domestic and international investors.

According to State Information Service Egypt, the minister’s remarks came on Sunday, October 19, 2025, on the sidelines of the annual meetings of the International Monetary Fund and the World Bank Group in Washington, where he met with the CEO of Forbes Global Michael Galpert, and Majid Marai, CEO of Magnum Real Estate. Magnum Real Estate is a subsidiary of Rawabi Holding Group and the exclusive developer of Forbes projects in Egypt and the Gulf region.

The meeting discussed avenues of cooperation in implementing the Forbes International Tower project in E
gypt’s New Administrative Capital, one of the landmark global real estate ventures that reflects confidence in the Egyptian economy and the country’s investment climate. The project comes amid ongoing economic and legislative reforms and the continued development of infrastructure that supports investment activity.

For his part, Galpert praised Egypt’s economic and investment progress, expressing the company’s commitment to expanding its presence in the Egyptian market and globally showcasing the success stories of US and Arab companies operating in Egypt as models of sustainable business growth in emerging markets.

The meeting is part of a series of engagements held by the Minister of Investment and Foreign Trade with senior executives of US and international financial institutions in Washington to strengthen investment partnerships and broaden the base of foreign investments in Egypt’s high-value-added production and service sectors.