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Real estate exports boost Egypt’s economy, Cityscape panel reveals

The Cityscape exhibition had a panel discussion about the Egyptian real estate market. The panel said the market is strong and growing and helps the country’s economy by bringing in foreign currency. The board also talked about some of the projects and plans in the market, such as:

Real estate
  • The Administrative Capital for Urban Development (ACUD) will offer land parcels to developers with no interest and four-year installments in 2024. This encourages more development in the New Administrative Capital, a busy and modern city. The ACUD also said it will have an international competition for the subsequent phases of the capital, making it easier for developers to get licenses.
  • Al Ahly Sabbour Developments’ Chairperson Ahmed Sabbour said that the real estate sector needs more support and facilitation from the government to achieve more success. He said that the real estate sector is essential for the national economy.
  • President and CEO of Madinet Masr Abdallah Sallam said sustainability is critical for the real estate sector. He said the industry must adapt to the environmental, social, and economic changes. He expected that all developers would follow this trend soon.

Real estate for sale in Egypt

The Egyptian real estate market is booming, thanks to the government’s support and the new smart cities. Technology and information are also crucial for the real estate sector, as they help improve the quality and efficiency of the projects. The market is strong and can face any challenges. It also has much potential to attract global investors, offering high returns and competitive standards.

The text is about the Cityscape Egypt exhibition, the biggest real estate event in Egypt and Africa. It was held from 20 to 23 September, with many companies, investors, experts, and visitors participating. The exhibition also had a platform for discussing the latest trends and issues in the sector. The show was organized by Informa Markets and sponsored by the Ministry of Housing, Utilities, and Urban Communities.

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