Egypt’s real estate developer Tatweer Misr announced its participation, alongside several real estate companies, in Cityscape Global exhibition, in which Egypt will be featured as Country of Honor, Invest-Gate reports.
The initiative of Country of Honor is the result of a recent memorandum of understanding (MOU) signed with the Ministry of Housing and the New Urban Communities Authority (NUCA), under which Egypt will be a guest of honor at any of the conferences and exhibitions organized by Informa for the coming year, most importantly Cityscape Global.
Ahmed Shalaby, CEO and Managing Director of Tatweer Misr, highlighted the importance of the exhibition, saying “This initiative provides us with a tremendous opportunity, it is a great honor to participate and support our country’s initiative to promote Egypt globally.”
Tatweer Misr is showcasing Fouka Bay in the North Coast, which recently won Top Mediterranean Resort by the Mediterranean Resort & Hotel Real Estate Forum (MR&H), its flagship project IL Monte Galala in Ain Sokhna, which was awarded the best in class in the category Residential Low Rise Future projects in all the emerging markets from Cityscape Global, in addition to its recently launched mixed-use project Bloomfields in El Mostakbal City.
A pavilion is allocated to Egypt to showcase its current investment opportunities, particularly those offered at the New Administrative Capital and new cities.
Shalaby noted, “Egypt is extremely well equipped to compete in the second home market. To begin with, prices of second home units in Egypt are less than similar units in the international market and we also have the highest return on investment compared to the nearby markets such as Turkey and Greece.”
Cityscape Global exhibition will run from October 2 to 4 at the Dubai World Trade Centre in Dubai, UAE.