Infinity Phoenix, for organizing exhibitions and conferences, is organizing the first edition of The Icon Show exhibition in Dammam, Saudi Arabia, from February 16th to 19th, 2023, under the sponsorship of the Egyptian Ministry of Housing, Utilities, and Urban Communities, Invest-Gate reports.

During the exhibition, the housing ministry presents investment opportunities in areas affiliated with the New Urban Communities Authority (NUCA) and organizes forums and an international press conference to introduce opportunities in the Egyptian real estate market.

Mohamed El Saidi, CEO of Infinity Phoenix, says that the current period is a golden opportunity for real estate export due to several factors, including low prices compared to property prices in surrounding countries, and investing in real estate in Egypt is a safe investment throughout history and has never and will never lose, as it is called “Property is the moral son.

El Saidi states that Infinity Phoenix seeks to achieve EGP 500 mn sales during the exhibition.

He highlights that the selection of Dammam to hold the first edition of the exhibition came after a thorough study by the company, adding that the study concluded that 60% of business volume in Saudi Arabia is located in the eastern region, as well as most of the citizens residing in Dammam are businessmen or work in prestigious jobs with a high income, and that it is one of the cities that is characterized by a high standard of living and has a large number of Egyptians, Arabs, and foreigners.

El Saidi demonstrates urbanization all over Egypt, including expansion in infrastructure and road networks, in addition to the start of constructions in 14 new fourth-generation cities, out of 30 planned, with total investments of EGP 690 bn.

He announces that Infinity Phoenix is planning to launch 3 new exhibitions in the GCC in 2023 which will be announced at the right time.

The company studies areas with high purchasing power that don’t usually house Egyptian real estate exhibitions.