establishing itself as a major commercial hub or strip in the city. “New Cairo has become the focal point for various office developments and business parks. The office market in Greater Cairo has been undersupplied over the past decade. While there was a market gap of 3 million sqm NLA in 2017, this gap is expected to exceed 4 million NLA sqm by 2022,” he said.
Speaking about buyer profiles and current trends amongst consumers in the market, Amad Al Msoadi, CEO of Aqarmap.com revealed how location, unit sizes, and prices, are still primary drivers for homeowners and investors.
One of the most anticipated panels: Vision 2030: Taking on the challenges and achieving the vision saw Tamer Waguih, Assistant Head of Central Unit, Ministry of Finance; Ahmed Al Mufti, General Manager, Commercial Affairs, East Port Said Development Company; Amgad Hassanein, COO, Cairo Capital Group; and Dr. Assem El Gazzar, Chairman, General Organisation for Physical Planning, discuss and debate how to achieve the country’s goals and how to find solutions to ongoing hurdles.
The Conference also included breakout roundtable discussions on mortgage finance, and industrial development.
Tomorrow’s Conference will tackle hospitality in a session titled: The role of international hospitality brands in creating a destination, and includes a session on Foreign investment sentiment: Measuring trends of foreign investment in Egyptian property by Dina Gobran, General Manager, OLX Egypt and Khaled Shahin, Regional Director of Revenues.
Tomorrow’s final panel discussion takes on: The importance of regulating real estate valuation activity to attract international investors, looking at understanding the role of real estate valuation in the national economy and methodology of supervising real estate appraisal activities.
This year’s Conference was sponsored by Colliers, Kohler, CS Global, Contact Mortgage Finance, Altus Group, and property portal sponsor OLX.
The highly-anticipated Cityscape Egypt exhibition then takes place on the 28th – 31st March at its new venue, the Egypt International Exhibition Centre (EIEC) in in Mehwar Almosheer Tantawy in New Cairo. The show, sponsored by PROJECTS, kicks off with over 70 exhibitors from Egypt who will showcase projects from across the real estate spectrum, both from Egypt and around the world.
For more information on Cityscape Egypt visit www.cityscapeegypt.com