Wael Ramadan urged developers not to start any sales until a significant portion of the projects, especially construction and concrete works, is completed. This would allow them to set fair prices and avoid halting operations due to continuous price increases.

As a board member of the Real Estate Development Chamber, he also called on the Urban Communities Authority to provide more flexibility and grace periods for developers to build their projects. One of the main requests from developers is to permit the addition of extra floors to help them overcome the sector’s current crisis and avoid shutdowns.

He highlighted that the state must support the real estate sector, which contributes 20% to the GDP and provides direct and indirect employment for nearly 5 million people.

The Real Estate Development Chamber within the Federation of Egyptian Industries has submitted several requests to the Ministry of Housing for additional facilities, which the ministry has approved. Among the most important provisions are increased building, administrative, and commercial ratios to help ensure relative stability for the sector and its workforce.