A
Alan Cockayne
Banned
Finding employment in Egypt's tourism sector
While reading an earlier piece on working in Egypt, I thought I might introduce another thread which may open a window of opportunity for some professionals.
As a former UK builder, ex dive-boat captain and now real estate consultant, I think I have found another business opening. I've been involved in Egypt's tourism industry since the mid-eighties and I recognise the successes of some Egyptian residential projects that have been created over the past 25 years. Although, some I may say have turned out to be nightmare developments.
I believe it's mainly because the building industry is not regulated. In my opinion, it doesn't seem to want to be regulated.
So, my quest is for intelligent UK experts and European professionals to help me and my operations create an independent body of Quality Control Inspectors, Surveyors and Valuation Officers to run a private consultancy.
I've just returned from Sharm el Sheikh spending another 6 months evaluating the markets. It brought me to the conclusion that overseas buyers are not getting "Value for Money."
While ever the Egyptian project engineers continue to build without any form of standards or regulation, a problem will always remain within the industry. Deeds of ownership and Land Registration is the path to mortgage solutions and transfer of ownership. This is normal in the UK and Europe. How can a true value be placed on properties if there are no such independent office?
Buyers should not be led by market forces only. There are too many unscrupulous Egyptian developers after your cash, why shouldn't we have a body of honest International Engineers to assist us?
It seems the most highly praised projects are those with European Developers.
The ones I have most trouble with are Egyptian. Most don't seem to know how to complete to our standards or to timetables. There is no such phrase as "Well it is Egypt" in my book. We are not that naive.
I await the comments of your readers.
Alan Cockayne.
CEO of Coralife-Style Ltd.
Red Sea Riviera Properties.
While reading an earlier piece on working in Egypt, I thought I might introduce another thread which may open a window of opportunity for some professionals.
As a former UK builder, ex dive-boat captain and now real estate consultant, I think I have found another business opening. I've been involved in Egypt's tourism industry since the mid-eighties and I recognise the successes of some Egyptian residential projects that have been created over the past 25 years. Although, some I may say have turned out to be nightmare developments.
I believe it's mainly because the building industry is not regulated. In my opinion, it doesn't seem to want to be regulated.
So, my quest is for intelligent UK experts and European professionals to help me and my operations create an independent body of Quality Control Inspectors, Surveyors and Valuation Officers to run a private consultancy.
I've just returned from Sharm el Sheikh spending another 6 months evaluating the markets. It brought me to the conclusion that overseas buyers are not getting "Value for Money."
While ever the Egyptian project engineers continue to build without any form of standards or regulation, a problem will always remain within the industry. Deeds of ownership and Land Registration is the path to mortgage solutions and transfer of ownership. This is normal in the UK and Europe. How can a true value be placed on properties if there are no such independent office?
Buyers should not be led by market forces only. There are too many unscrupulous Egyptian developers after your cash, why shouldn't we have a body of honest International Engineers to assist us?
It seems the most highly praised projects are those with European Developers.
The ones I have most trouble with are Egyptian. Most don't seem to know how to complete to our standards or to timetables. There is no such phrase as "Well it is Egypt" in my book. We are not that naive.
I await the comments of your readers.
Alan Cockayne.
CEO of Coralife-Style Ltd.
Red Sea Riviera Properties.