CITYSCAPE EGYPT TO WELCOME REVIVED BUYER INTEREST AS REAL ESTATE MARKET

A revived buyer interest in the Egyptian real estate market has been illustrated by a sharp increase of EGP23.3 billion in investments during 2018, and this will be stimulated further by a pipeline of 700,000 units expected to be delivered by June 2020 according to figures from Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS).

Cityscape Egypt, the country's largest real estate exhibition and conference on property development, presents industry experts with the perfect chance to identify the current opportunities and challenges facing the resurgent real estate market.

The four-day event, which runs from 18-21 March at Egypt International Exhibition Center (EIEC), will feature newly launched projects and developments in the country, and will feature a line-up of over 60 local and international exhibitors including Al Futtaim, Orascom, City Edge, Hyde Park, Palm Hills, Imkan Misr (Capital Group) and Misr Italia.

“There are promising signs that Egypt’s real estate is witnessing a resurgence,” said Chris Speller, Cityscape Group Director of Informa Markets, which organises the event. “These figures will come as welcome encouragement for real estate developers and industry professionals in the country, with many looking to capitalise on this upward trend in 2020.”

Expert insights into Egypt’s real estate market

The Cityscape Egypt Conference runs at the Four Seasons Nile Plaza from 16-17 March under the theme: The Future is Now. The Conference will set the tone for Egypt’s real estate market, with keynote speakers and expert panel discussions analysing global macroeconomic trends and their relevance and impact on Egypt’s economy during the opening day; and spotlighting important factors for growth in the country’s real estate market and what decision makers need to do to fuel sustainable development on day two.

The Conference is expected to draw hundreds of delegates over the two days including local, regional and global real estate professionals, market analysts and government representatives. Insights will be delivered on pertinent topics such as the evolution of the global real estate market and the what factors are shaping investor interest, the challenges and opportunities presented by the New Administrative Capital, how to build efficient infrastructure within existing cities and highlighting the risks and opportunities of Egypt’s developments across a multitude of asset classes.

The Cityscape Awards for Real Estate in Egypt

Held on 17 March at Four Seasons Nile Plaza, the Cityscape Awards for Real Estate in Egypt will celebrate excellence in local real estate development and architecture, recognising the best-in-class future and built projects across 20 different categories.

The expanded categories for 2020 include new Awards for projects in Best Media and Communications, Best Technology in Real Estate and Affordable Housing. Completing the line-up of categories are the Commercial and Industrial Project, Leisure & Hospitality Project, Community, Culture & Tourism Project, Residential - Low to Medium Rise Project, Residential - Medium to High Rise Project, Retail Project, Masterplan Project and Sustainability Project awards.

New to the schedule this year will be a series of Student Awards, held under the theme Tomorrow’s Leaders. Building the Future. Open to all Egyptian students majoring in architecture and engineering, the category will present the next generation with two awards opportunities.

Announced at the awards ceremony on 17 March, a Judges’ Choice award will be decided by a panel of experts and a Peoples’ Choice, awarded by a visitor vote, will be held at the Student Award exhibition stand during the show, with projects judged on criteria such as innovation in building and urban design, sustainability, use of technology, adaptability and commercial and cultural identity. Winners of the Judges’ Choice award will be invited to attend the Cityscape Awards for Real Estate in Egypt.

“Opening up Award categories for students to participate in will be a fantastic way to recognise Egypt’s rising stars in architecture and urban design and bring fresh ideas to the table - some of which we hope will inspire new and innovative approaches to real estate development,” explained Speller.

Cityscape Egypt sponsors

Cityscape Egypt will return with support from Master Sponsor, Mostakbal City; Platinum Sponsor, Gates Developments; Cityscape Sponsor, SAK Developers; and Silver Conference and Awards Sponsor, The Land Developers.