Newly-es­tab­lished EAMD aims to pro­pose draft law or­gan­is­ing real es­tate mar­ket­ing sec­tor

As­so­ci­a­tion formed com­mit­tee to re­solve prob­lems of mar­ket­ing com­pa­nies

The Daily News Egypt - - Business - Ahmed Moustafa, chair­per­son of the EAMD

The Egyp­tian As­so­ci­a­tion for Mar­ket­ing and Devel­op­ment (EAMD),has been re­cently es­tab­lished, and started its ac­tiv­i­ties by study­ing a set of pro­ce­dures to reg­u­late the mar­ket in sev­eral is­sues, ac­cord­ing toAhmed Moustafa,chair­per­son of the EAMD.

Moustafa in­formed Daily News Egypt that the EAMD is pre­par­ing to form spe­cialised com­mit­tees as­sem­bling the as­so­ci­a­tion’s ex­pe­ri­enced mem­bers to sug­gest draft laws to reg­u­late the real es­tate mar­ket­ing field.

Fur­ther­more, Moustafa noted that the EAMD cur­rently in­cludes 100 com­pa­nies and has re­ceived a large num­ber of ap­pli­ca­tions to join the as­so­ci­a­tion which are un­der study in or­der to guar­an­tee that these com­pa­nies are spe­cialised in real es­tate mar­ket­ing and have pre­vi­ous ex­pe­ri­ence and a good rep­u­ta­tion.

The chair­per­son of the EAMD pointed out that the as­so­ci­a­tion formed a com­mit­tee to re­solve dis­putes and solve prob­lems of mar­ket­ing com­pa­nies among each other,or be­tween them and de­vel­op­ers, or any other party. Fur­ther­more, the as­so­ci­a­tion will take ac­tions to­wards non-com­mit­ted mem­bers through can­celling their mem­ber­ship from the as­so­ci­a­tion to en­sure com­pli­ance with the rules of the mar­ket.

More­over, he added that the as­so­ci­a­tion is the first le­gal en­tity to as­sem­ble mar­ket­ing com­pa­nies op­er­at­ing in the sec­tor, point­ing out that there is a plan to de­velop into a larger en­tity—sim­i­lar to the Real Es­tate Devel­op­ment Cham­ber at the Fed­er­a­tion of Egyp­tian In­dus­tries—through which a draft law to reg­u­late real es­tate mar­ket­ing will be de­vel­oped.

Moustafa stressed that the mar­ket faces many chal­lenges in the cur­rent pe­riod, elab­o­rat­ing that mar­ket­ing com­pa­nies have be­come ma­jor play­ers in the sec­tor, and its im­pe­tus as a pro­moter of projects both in­ter­nally and ex­ter­nally. Fur­ther­more, or­gan­is­ing their work con­trib­utes to the growth of the sec­tor.Ad­di­tion­ally, the as­so­ci­a­tion plans to com­mu­ni­cate with con­cerned par­ties to ex­change ideas con­cern­ing this is­sue.


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