Fathallah Fawzi, Vice President of the Egyptian Businessmen Association and Chairman of Mena for Engineering Consultation & Development, welcomed participants to Cityscape Egypt, commending the show’s role in stimulating investment and shaping real estate’s future, Invest-Gate reports.
Taking place under the Housing Ministry’s auspices through Sept. 23, the exhibition provides real opportunities to learn about technologies advancing the strategic sector, which contributes to the economy, said Fawzi, who chairs construction firm Mena Consult.
Robier Daniel, Cityscape’s director, said Egypt’s real estate market has strengths making it attractive to investors globally, with the ability to counter economic headwinds. The show is a major growth partner, and offers platforms to exhibit projects and meet buyers, he added.
There are major export-focused projects, such as units targeting Egyptians and Arabs abroad as well as foreigners given domestic prices’ appeal versus regional competitors.
Since 2011, Cityscape has emerged as a key Middle Eastern property event held in Egypt, Saudi Arabia, Bahrain, and Qatar. This edition has over 70 exhibitors occupying 35,000 sqm, with hundreds of projects and an expected 20,000 visitors.
Talks are scheduled to discuss public and private sector industry developments. Real estate contributions are key as Egypt develops new cities and infrastructure under Vision 2030.