ICEC

Property developers reiterate optimism about Egypt market: Cityscape official

Exhibitors are unwavering in their appetite to increase their presence at the fifth anniversary of Cityscape Egypt, which will take place in Cairo from April 7-10, event director Tom Rhodes, during a preparatory conference held Monday.

“We are doing our best to meet the demand for those looking to showcase their local and international properties however we expect to be sold out over the next few days.”

“As the country’s economy steadily picks up, with GDP growth forecasts by the International Monetary Fund (IMF) raised to 4.4 percent in 2016, developers continue to see a significant untapped demand in the market, fuelled by Egypt’s 90 million population,” added Rhodes.

Alongside a host of projects that will be unveiled at this year’s exhibition, Cityscape presents a revamped Cityscape Egypt Conference which includes more than forty economists, financiers, investors and developers who will deliver ground breaking findings at the Four Seasons at Nile Plaza on 5-6 April.

The Conference agenda will assess the merits of alternative real estate investments, taking a deeper look at the growing opportunities in education, healthcare and niche asset classes including sports clubs and warehouses. Thought-leaders and experts include David Sims, independent economist and Urban Planner; Dr. Ahmed Darwish, Deputy Minister for Urban Renewal and Informal Settlements, Ministry of Housing, Utilities and Urban Communities; Dr. Amr Ellissy, journalist, television presenter and lecturer; and Fathy El Sebaie, Chairman, Housing and Development Bank.

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