Kicking off the Conference, Fawzy said that while there has been some economic uncertainty in the country, there are exciting projects planned that will support the rising population.
“Achieving the Vision for 2030 to absorb the increase in population should involve the private sector and should also be a larger network that incorporates roads and facilities,” he said. “The Vision looks at enticing investors inside and outside the country so that we can build our residential and commercial real estate sector to achieve sustainability,” he added.
“It is essential for government and the private sector to work to develop new cities and should overcome any hurdles. Vision 2030 is a roadmap to achieve goals so that we can work together and build a better future for Egypt and the next generation,” he added.
The Conference, which concludes on Thursday and is sponsored by property consultant Colliers, is a prelude to the exhibition which is expected to attract thousands of visitors when it kicks off on Friday, running until April 3rd at the Cairo International Convention Centre.
The show is expected to draw significant interest from homebuyers looking to invest in several residential developments, a factor attributed to the exclusive discounts and promotions which will be offered at the exhibition.
Exhibitor, Hyde Park New Cairo will reveal details on the second phase of Park Corner, which spans an area of 235,000 sqm and will be completed within three years. As part of its mega-development, Hyde Park offers one of the largest landscaped parks in Egypt, spanning an area of 600,000 sqm. The exhibitor will be offering an 8-year payment plan on the second phase of Park Corner.
Launching a new phase of Zizinia El Mostakbal, ARDIC For Real Estate Developments and Investments will be one of the exhibitors offering promotions to visitors at this year’s Cityscape Egypt. The 70-acre project comprises apartment complexes with a total of 45 buildings and 1800 units. The complex is expected to be delivered by 2020.
Also, showcasing its new coastal project at this year’s exhibition is Cityscape Egypt’s Associate Sponsor, Misr Italia Properties. The Egyptian-based developer will offer visitors a look at Mousa Coast, a new mega-development located on the Red Sea, 90 minutes from Cairo. Mousa Coast will include Egypt’s first Crystal Lagoons, along with luxury hotels and chalets.
Some of the exhibitors at this year’s event include: Al Arabia Real Estate Development (ARCO), Palm Hills, Hyde Park, PACT, Aloula Tameer For Mortgage Finance, Aristo Developers, Beta Egypt for Urban Development, , Capital Group Properties, Egyptian Engineering Development and Real Estate Investment, El-Batal Group, Emaar Misr, Invest4Land (API Investment), Madaar Development, Pandora Investments Public Ltd-Leptos Estates, Rooya Group, Talaat Mostafa Group Holding, Tatweer Misr, Trends Real Estate, and Wadi Degla Developments to name a few.