CBK, the integrated company for organizing exhibitions and conferences, launches the first edition of “The Ready to Move” exhibition, the first real estate exhibition in Egypt for residential, commercial, and administrative Ready-To-Move units, Invest-Gate reports.
The exhibition will take place on May 4th-6th, at Egypt International Exhibition Center, with the participation of a stellar lineup of real estate developers in Egypt, and financial institutions to showcase the latest Ready-To-Move projects and different financing mechanisms for the exhibition’s visitors.
The new exhibition highlights CBK’s strategy to organize real estate events with international standards that contribute to increasing the sales of real estate development companies, which consequently contributes to boosting the entire sector, and is reflected significantly in the growth of the national economy as well as offering job opportunities for millions of workers.
In addition, RTM will bring the largest integrated urban projects in Egypt under one roof, making it easier for visitors to compare the offered projects and select what suits their financial plans.
RTM Exhibition aims to meet the demand of customers who wish to buy units and move immediately or invest in ready-to-move units and achieve appropriate revenue, instead of taking the risk of waiting for long periods for delivery date.
“Sustaining the growth of the Egyptian real estate sector requires organizing real estate exhibitions inside and outside Egypt to increase real estate sales and encourage real estate development companies to pump new investments and provide more job opportunities. We aim through launching RTM to contribute to achieving this goal and consequently meet the demand for those interested in purchasing ready-to-delivery units,” Bassem Kalila, CEO of CBK for Organizing Events and Exhibitions, comments.
Kalila adds that there are two main reasons behind the high demand for ready-to-move units; the first is attributed to the customers’ desire for immediate purchase to save monthly rental expenses, as well as saving down payment costs. He explains that customers prefer to pay a down payment of 20% and move, instead of paying 50% until delivery in the case of Off-Plan purchase.
While the second reason lies in the customers’ willingness to invest aiming to attain an immediate return, considering the increasing growth of investment in the real estate sector as a safe haven for savings.
For his part, Karim Zein, Managing Director of CBK for Organizing Exhibitions and Conferences, states: “CBK decided to debut its operations by organizing the premier edition of RTM exhibition, the first of its kind in Egypt for residential, commercial, and administrative ready-to-move units. RTM launch comes after a comprehensive market study to identify the expectations and needs of the local market in this regard, considering all aspects of customers’ needs. In addition, the exhibition will provide real estate development companies with a huge space to display their latest projects.”