NextMove Egypt, powered by Cityscape, has showcased some of the country’s top residential projects from the country’s new and old cities, garnering significant interest from potential homebuyers and investors during the first two days of the event, Invest-Gate reports.

The three-day show, which runs until October 20 at the Egypt International Exhibition Center (EIEC), has so far seen developers from across the country with offerings in the residential, hospitality, and commercial sectors, according to a press release on October 19.

Developers are exhibiting new projects and offering attractive payment plans on new apartments, villas, and townhouses.

With Egypt experiencing positive investor sentiment, the economy and real estate sector is looking up, according to the statement.

Last week, the International Monetary Fund (IMF) expected Egypt’s economy to grow by 5.3% in 2018 and 5.5% in 2019, up from 4.2% in 2017. The IMF attributed it to the country’s level of foreign reserves, increase in natural gas production, recovery of the tourism sector, and the continued improvement of the confidence of the global business community as a result of Egypt’s economic reforms.

In addition, the country was ranked first in Africa in 2017 and 2018 to receive foreign direct investments (FDIs).

For experts, the government’s initiatives are helping drive investment and improvement. “The government’s investment in infrastructure offers a support pillar to the increased number of projects underway,” JLL Country Head of Egypt Ayman Sami said in the statement.

“The real estate market is looking brighter than ever as the market is now stable. For potential homebuyers, the factors which affect them are prices and location,” Omar Al Morshedy, Marketing Director at Memaar Al Morshedy, said in the statement. The developer showed visitors his latest project SkyLine, the world’s largest residential building.

In addition, El Tayebi Development has launched Buena Vista in New Cairo and Project 215 -Degla El Maadi- both are luxury residential projects.

Among this year’s launches was the residential project, Country by Misr Al Ghad in Bait Alwatan in New Cairo, with the developer offering an EGP 50,000 discount on the new project.

NextMove Egypt is supported by platinum sponsor Next Home and silver sponsors Master Group and Contact Mortgage Finance.

For more information visit: https://www.nextmoveegypt.com/en/home.html.