Ian Albert, Regional Director at Colliers. “Cairenes are looking for secure neighbourhoods complete with community retail facilities, as well as education and healthcare facilities that complement the residential component. Affordability is also of primary concern as consumers are becoming more price sensitive and competition is becoming intense.”
Exhibitors at this year’s Cityscape Egypt will speak to this need.
Tatweer Misr will be launching three mixed-use, residential projects at Cityscape Egypt: Fouka Bay, in Ras El Hekma North Coast; Bloomfields, New Cairo; and IL Monte Galala in Sokhna. Bloomfields in New Cairo will also include, commercial space, parks and open-air galleries.
Hyde Park Developments are expected to launch the latest phase of its Hyde Park Business District New Cairo, and the second phase of Coast 82, on the North Coast.
Eng. Amin Serag, CEO of Hyde Park said: “The company intends to inject further investment by introducing several new residential, administrative, service and tourism projects to support the Egyptian economy.”
With a focus on lifestyle products, Hyde Park plans on developing an area of 40 acres in 2018, devoted to leisure activities, including spaces for all sports. “In addition to a social club, an elite team comprising sports cadres and administrators in Egypt will run the club in accordance with the administration standards of international organisations,” added Serag.