A revived buyer interest in the Egyptian real estate market has been illustrated by a sharp increase of EGP 23.3bn in investments in 2018, and this will be stimulated further by a pipeline of 700,000 units expected to be delivered by June 2020, according to the Central Agency for Public Mobilization and Statistics.
Cityscape Egypt, the country’s largest real estate exhibition and conference on property development, presents industry experts with the perfect chance to identify the current opportunities and challenges facing the resurgent real estate market.
Organised at the Egypt International Exhibition Center on 18-21 March, the exhibition will feature newly launched projects and developments in the country, and will feature a line-up of over 60 local and international exhibitors, including Al Futtaim, Orascom, City Edge, Hyde Park, Palm Hills, Imkan Misr, and Misr Italia.
Cityscape Group Director of Informa Markets Chris Speller, which organises the event, said there are promising signs that Egypt’s real estate is witnessing a resurgence. These figures will come as welcomed encouragement for real estate developers and industry professionals in the country, with many looking to capitalise on this upward trend in 2020.
Before the exhibition, the Cityscape Egypt Conference runs from 16 to 17 March under the theme “The Future is Now”. The conference will set the tone for Egypt’s real estate market, with keynote speakers and expert panel discussions analysing global macroeconomic trends and their relevance and impact on Egypt’s economy during the opening day; spotlighting important factors for growth in the country’s real estate market and what decision makers need to do to fuel sustainable development on day two.
The conference is expected to draw hundreds of delegates over the two days including local, regional, and global real estate professionals, market analysts and government representatives. Insights will be delivered on pertinent topics such as the evolution of the global real estate market and the factors that are shaping investor interest, the challenges and opportunities presented by the New Administrative Capital, how to build efficient infrastructure within existing cities, and highlighting the risks and opportunities of Egypt’s developments across a multitude of asset classes.