News dalla rete ITA

27 Febbraio 2018

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CITYSCAPE TO HIGHLIGHT EGYPT’S REAL ESTATE INVESTMENT OPPORTUNITIES NEXT MONTH

(Amwal al Ghad) Opportunities to invest in Egypt’s real estate market will take centre stage at next month’s 7th edition of Cityscape Egypt, especially as momentum builds behind new and existing projects from Egypt’s major developers.For real estate developers and investors looking at Egypt this year, 2018 signals a return to a more stable market. According to Oxford Business Group, the country’s improved performance in key sectors, tighter fiscal management and increased capital inflows drove a much-needed economic rebound last year, with growth expected to accelerate further this year. The country also got the stamp of approval from the International Monetary Fund (IMF), who declared earlier this year that Egypt's economic outlook is favourable, following the completion of its second review of the country's reform programme.Taking place at its new venue, the Egypt International Exhibition Centre (EIEC) in Mehwar Almosheer Tantawy in New Cairo from the 28th until the 31st March, Cityscape Egypt 2018 includes 20,000s qm of exhibition space and over 70 exhibitors, with the figure likely to climb as the show approaches. Optimistic about the real estate industry in the country, Eng Hossam Bahaa, CEO of PROJECTS, the year’s platinum sponsor, said the property sector is the driving force of the economy and is expected to: “raise the Egyptian GDP in the upcoming years, decrease the unemployment and attract foreign investment resulting in the decrease of inflation.New to this year’s show are two dedicated days of the Cityscape Egypt Conference, taking place at the Four Seasons Nile Plaza on the 12thand 13thMarch – two weeks before the exhibition kicks off. The Conference includes a stellar line-up of speakers and topics based on market research and the guidance of the Advisory Board. (ICE IL CAIRO)