The unveiling of some of the country’s top residential projects from Egypt’s new and old cities garnered significant interest from potential homebuyers and investors at this year’s NextMove Egypt, powered by Cityscape.

The show, which runs until tomorrow at the Egypt International Exhibition Centre (EIEC) in Mehwar Almosheer Tantawy in New Cairo, has so far seen developers from across the country tout Egypt’s real estate prowess with offerings in the residential, hospitality and commercial sector. Investors and homebuyers took the time to familiarise themselves with projects on the show floor from Egypt’s new metropolises and expanding cities – a highlight of the show. 

With Egypt experiencing positive investor sentiment, the economy and real estate sector is looking up. Last week, the International Monetary Fund (IMF) forecasted that Egypt’s economy will grow by 5.3% in 2018 and 5.5% in 2019, up from 4.2% in 2017. The IMF attributed it to the country’s level of foreign reserves, increase in natural gas production, recovery of the tourism sector, and the continued improvement of the confidence of the global business community as a result of Egypt’s economic reform. In addition, the country was ranked first in Africa in 2017 and 2018 to receive FDI. For experts, the government’s initiatives are helping drive investment and improvement.