Nile Property Expo will be held for the second consecutive year, under the slogan “Misr Betaarablek” – or Egypt is Getting Closer – at Abu Dhabi National Exhibitions Company (ADNEC) from January 24 to 26, Invest-Gate reports.

The project aims to showcase the vital real estate investment opportunities and to shed light on the most successful Egypt-based UAE projects, according to a press statement released on December 25.

Bassem Kalila, chairperson of Expo Republic, the event organizer, said real estate investment is one of the most important contributors to GDP and one of the long-term investments in Egypt, and also represents one of the most attractive markets for foreign investment.

Kalila noted that attracting investments to the Egyptian real estate market will support and stimulate the economy, as well as open up new markets in the region. He added that this will also positively affect the revitalization of the tourism sector in Egypt, which will provide more foreign income for the country.

He underlined that the UAE has contributed to a number of successful investments pumped in Egypt, through setting up many development projects in New Alamein city and the New Administrative Capital (NAC), in addition to Cairo, South Sinai, Port Said, and Ismailia.

Furthermore, some Emirati companies have launched a handful of entertainment projects in Egypt such as Mall of Egypt and Mall of Arabia in West Cairo.