Sisi urges realistic development timeline at Egypt Forum 2026 session

President Abdel Fattah al-Sisi addressed Egypt's development trajectory at the Egypt Forum 2026 urban development session during the second day of the forum.

• Sisi said nations develop over 50–100 years and that he never promised Egyptians completion within 10–12 years.
• An agreement with Talaat Moustafa Group to develop four mixed-use projects worth 11 trillion pounds was announced during the session.
• Sisi called on the government to cooperate with the group to build 200,000 units for rental housing.
• Sisi said the old rent law aimed to break homeownership culture and restore rent-based housing, and urged completing Decent Life projects by 2030.
• Shares of Talaat Moustafa Group surged 6.5% to 90.3 Egyptian pounds after the partnership announcement.
• The four projects span over 37 million square meters across Madinaty, Alexandria, Abu Qir, and the North Coast.
• Sisi directed the government and the Tahya Misr Fund to jointly build the 200,000 rental housing units, splitting the costs equally.