The Egyptian government’s participation in MIPIM 2019, the largest real estate exhibition in the world, along with major private developers, marks a big gain and major step forward, Invest-Gate reports.

Deputy Minister of Housing for National Projects Khalid Abbas said Egypt’s participation in such whopping event comes with many advantages, the most important of which is showcasing the country’s national projects currently being implemented by the Egyptian state, and also attracting foreign investors to pump new investments into the housing sector, according to a ministerial statement on March 15.

In addition, participating in this year’s edition of MIPIM is an opportunity to learn about the others experiences in this vital sector, where technologies and modern methods of construction advance. Therefore, the Egyptian public and private sectors seek to benefit from such exposure, whether in the planning of new cities, architectural designs, or cost reduction mechanisms, he elaborated.

According to Abbas, the most important feature of this participation is the consolidation of the efforts of the government, represented by the housing ministry, and the private sector, represented in top eight real estate development companies, who joined forces to achieve a dignified exhibition.

Rooya Group’s Chairman and CEO Hisham Shoukri pointed out that Egypt’s participation in these exhibitions is a golden opportunity for both the government and developers. It also marks a major step forward and an important mechanism of the country’s efforts to export Egyptian real estate abroad, which fundamentally drives more investments into the sector.

Moreover, CEO of City Edge Developments Amr El Kady stressed that the country’s presence in such a mega event is a vital move for promoting Egypt’s real estate projects and developments. During the exhibition, the company, along with representatives of investment funds, banks, and others, was able to display a number of flagship projects in New Alamein, the New Administrative Capital (NAC), and New Mansoura.

For his part, Tatweer Misr’s Managing Director and Board Member Ahmed Shalaby said the company’s participation in MIPIM reflects its vision and strategy to become a regional and international key player in the field of urban and real estate development during the forthcoming five years. The developer seeks to achieve this through luring foreign buyers to invest in its serviced apartments located in its Ain Sokhna and North Coast projects, Il Monte Galala and Fouka Bay, in addition to other investment opportunities offered Tatweer Misr in the education, medical, and entertainment fields.

There were other private developers taking part in the French property exhibition, including Sixth of October Development and Investment Company (SODIC), Talaat Moustafa Group Holding Holding, Palm Hils Developments, ARCO, and El Badr Real Estate Development, who jointly showcased a wide range of mega development projects that are being developed across the country’s major and new cities from March 12 to 15 at “Opportunity Egypt” pavilion.