International Property Show 2018 To Open Up Egyptian Investment Opportunities

The International Property Show (IPS), the Middle East’s biggest property sales platform for local and international real estate markets, is set to open up a wealth of promising Egyptian investment opportunities at the show’s 5,000-square-metre Egypt Country Pavilion, which will be managed by IPS Strategic Partner Makanak Real Estate Club (MREC), one of the leading organisations in Egypt’s property sector.

During IPS 2018, which will take place from 9^th to 11^th April at the Dubai World Trade Centre, investors and buyers visiting the Egypt Country Pavilion will find exclusive deals from some of Egypt’s top developers, including Mountain View, Acudi, Al Futtaim Egypt, Dorra, Emaar Egypt, Mangroovy, Royaa and Secon. Mostafa Madbouli, Egypt’s Minister of Housing, will also visit the pavilion during IPS to support the developers and discuss the country’s attractive property market with international investors.

Walid Farghal, Director General of IPS, commented: “The Emirati and Egyptian governments enjoy an exceptionally strong relationship that drives and supports investment in both countries. We look forward to working with MREC and welcoming Egypt’s Minister of Housing to further cement this alliance. The UAE is the leading foreign investor in Egypt, with the value of Emirati investments reaching USD 6.2 billion in 2017. In the previous year, the commercial exchange between the countries reached USD 3.3 billion, with USD 2.4 billion accounting for Egyptian exports to the UAE and USD 900 million for Emirati exports to Egypt. Today, the currency exchange rates are highly attractive for investors outside of Egypt, and during IPS we expect to drive sales worth AED 20,000,000 for each Egyptian developer.”

Mahmoud Abd Al Haleem, Chairman of MREC, added: “As a Strategic Partner to IPS, MREC will be managing the Egypt Country Pavilion to add value for the participating Egyptian developers, with the goal of helping them to achieve sales worth EGP 100 million. Egypt’s property market is expected to rise strongly in value over the coming years, with construction booming to meet the growing demand. One of the biggest projects in Cairo is the new administrative capital, which is due to open in mid-2019 and will present investors with a range of new investment opportunities in the city. At IPS, we will be supporting this growth by attracting a new wave of investment from buyers from across the globe.”