Egyptian real estate sector spurred on by Government backed initiatives

Cairo, Egypt – 17th Oct. 2019: The third edition of nextmove, powered by Cityscape Egypt officially opened today, welcoming a crowd of prospective home-owners and investors to the latest consumer property show held in Cairo.

Chris Speller, Group Director of Cityscape, said: “The interest in the Egyptian real estate scene witnessed a noticeable uptick since the government announced a string of initiatives and laws to support investment in the sector. This is all part of a national strategy to mature the Egyptian real estate market and it has enabled developers to appeal to a larger demographic, targeting end-users and future homeowners who fall in the middle-income segment.”

nextmove, powered by Cityscape Egypt will run until 19 October at the Egypt International Exhibition Center (EIEC) and host more than 30 exhibitors, offering visitors a holistic platform where homebuyers and investors can receive information on purchasing units and source exclusive offers on investment opportunities in the
country. Faariss Khalil, Exhibition Manager of nextmove Egypt, said: “Egypt’s real estate market is witnessing robust growth and is on an upward trajectory. There is no doubt that emerging trends are presenting promising opportunities for real estate players to tap into. Several Egyptian real estate developers have already introduced exciting projects to address market needs.

“The event has been extended to the weekend, allowing consumers the convenience and opportunity to explore real estate projects.”

Eng. Ahmed Mansour, CEO at Castle Development, said: “The exhibition is an ideal opportunity to explore residential real estate units, especially in light of the central bank directives to cut down interest rates - contributing to the recovery of the real estate sector. nextmove Egypt will unveil several new residential projects that buyers and investors can explore.

“The exhibition targets the younger generation and those looking for affordable products. Exhibitors are keen to provide a range of real estate projects that suit the requirements of this segment – whether its first-time buyers or those looking for a holiday home.

“In light of our vision, we aim to support the youth in exploring and potentially investing in units within the new administrative capital. nextmove Egypt offers a range of projects that suit all price points, addressing the needs of Egyptians from all walks of life.

Alexander Edwards, Sales Director of nextmove, said: “Some of the biggest and most influential real estate developers from Egypt and neighbouring countries will participate in the show over the next three days, offering competitively priced products that will appeal to all price points.”
nextmove Egypt is sponsored by Master Sponsor Ibiza Chillout Elsokhna. The three-day property and investment event will provide offers that cover a wide range of new projects and housing complexes in the Greater Cairo area, Alexandria, Northern Coast, and the Red Sea Coast.

Exhibitors at the show will include a number of leading real estate companies such as Akam Developments, Master Builder Group, Amer Group, Real Mark, Zahraa El Maadi, , Aroma Residence – Sokhna, SAK Development, El Attal Holding, Castle Real Estate, Kudo Company For Construction & Real Estate Investment from Turkey, TCI, Mardif Real Estate Development, New Plan, Aqar Misr, The Land Developers, EGYGAB Developments, Home Town, Jdar Group, and Top Capital Investment from KSA to name a few.

-ENDS-

For more information, please visit: www.nextmoveegypt.com

About nextmove

The third edition of nextmove Egypt, powered by Cityscape Egypt, will take place from 17-19 October 2019 at Egypt International Exhibition Center (EIEC). This consumer show will be bringing together first-time buyers, current homeowner and investors looking for their next purchase for new and affordable compounds, villas or apartments in Egypt.

About Informa Markets:

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com
 

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