Held under the patronage of the Ministry of Housing, Utilities & Urban Communities and supported by both public and private sectors connecting investors and developers to unique opportunities throughout the country, Cityscape Egypt is the largest and most important real estate exhibition in the Egypt and Africa. Cityscape Egypt Real Estate Exhibition 2024 promises to be bigger and better, with…
Cityscape is the largest and most important real estate exhibition in Egypt. Supported by public and private sectors connecting investors, and developers to unique opportunities throughout the country. Cityscape is the place to be for the luxurious real estate developers' network and property investors on the hunt for up-and-coming opportunities in emerging cities across Egypt. The event showcases…
Egypt’s varied history, straddling multiple geopolitical and economic spheres, continues to shape the country’s development. However, this does not come without challenges. Food security uncertainty stemming from Russia’s invasion of Ukraine in early 2022 is a particular headwind, in combination with associated issues like inflation and foreign exchange risk. Moreover, 29.7% of Egyptians sti
The government of Egypt has placed a strong emphasis on construction as a key engine of urban growth since the ambitious IMF-backed economic reform programme in 2016. Much of the sector’s underlying demand is a result of the growing population which, in turn, has created a need to develop new cities such as the New Administrative Capital. Overall, such mega-projects look set to drive construction…
Industrial real estate has been a mainstay of economic development for decades. Over time, industrial developments have shifted from areas like 6th of October City to large-scale zones that host one manufacturing segment – for example, the $2.2bn textile complex in Al Sadat City. In 2014-21, 17 such complexes in 15 governorates were established, with LE10bn ($835.4m) worth of investment. These included…
The development of a fourth generation of cities across Egypt – including the New Administrative Capital (NAC), New Alamein and New Aswan City – will be a key driver of construction activity in the coming years. These developments are expected to raise the competitiveness of the local market, enhance living standards and generate employment opportunities. New Cities The new cities programme dates…
The government of Egypt has placed a strong emphasis on infrastructure development and construction as key engines of urban growth and financial stability in the years since the country embarked on an ambitious IMF-backed economic reform programme in 2016. Egypt’s road networks, power production capacity and rail infrastructure have expanded rapidly in recent years, underpinned by population growth,…
While the Covid-19 pandemic put pressure on real estate sales after a partial lockdown in early 2020, the sector has demonstrated resilience over the medium term. According to the Aqarmap Egypt Index, in March 2020 real estate demand fell by a record 29.6% to 1936 points, the lowest level since the Egyptian pound was floated in 2016. However, by March 2021 demand had recovered to 2483 points, and as…
In this Global Platform video, Ahmed Shalaby, President & CEO of Tatweer Misr, talks about the expansion and developments being made in the real estate sector. Egypt has plans to develop 35 to 40 new cities in the next 40 years, focusing on providing jobs, housing, infrastructure and services to meet the needs of the country’s quickly growing population. Joint efforts from the government and
In recent years infrastructure and real estate development have been important growth drivers for the construction industry, and the government has highlighted the need for private investment to take on a larger role in the sector. Indeed, much of the growth in construction activity has been accelerated by the private sector, as a result of the government’s economic and structural reforms…
