Huge numbers expected at Cityscape Egypt
Numerous international and local real estate professionals, developers, investors and end users are expected to attend Cityscape Egypt on 20-23 February 2012 after the government’s efforts towards solving Egypt’s post revolution real estate problems.
Chris Speller, Group Director for Cityscape and Informa Egypt at IIR Middle East, commented that Cityscape Egypt will attract real estate professionals from various industry sectors by providing them with the opportunity to look into the future of real estate and share their expertise on the most compelling issues in the industry. Key developers participating in the event include Talaat Mostafa Group, Palm Hills, Ocean Blue, Moharram Bakhoum, Citystars, SODIC, Heide Park (DAMAC), Al Ahly For Real Estate, Peter Home, Al-Futtaim Group, Emaar Misr for Development S.A.E, Orascom Hotels & Development, Tiba, Rooya Group, Memaar Al Morshedy and Mac Tourism Company (the owner of the Emirates Heights project).
Cityscape Egypt will also feature top-notch real estate agents including Coldwell Banker and Dar Al Zain as well as key mortgage companies’ institutions such as Al Ahly, Sakan, and Egyptian Housing Finance Company. Furthermore, the exhibition and conferences will incorporate vital financial institutions, sovereign wealth funds, and risk investment firms including the World Bank, JP Morgan and many more.
Mr. Speller further commented that Cityscape Egypt examines the latest trends in real estate market development aiming at bridging the supply demand gap on affordable housing projects. Mr. Speller explained that, Cityscape Egypt focuses on the residential needs of the middle class households, the pre-revolution underserved segment of Egypt's housing market.
“The Egyptian real estate market has gone through a lot of changes since the 25 January revolution. The growing demand on housing will restore confidence in the sector. Especially after the successful completion of the Parliament’s elections, and the government’s attempts to formulate solutions for Egypt's chronic land allocation real estate problems and disputes of 17 companies operating in the private sector,” add Mr. Speller.
Yasser Ghazi, “Lead” Marketing Solutions CEO, affirmed that the current political and economic uncertainties pose challenges and opportunities for the Egyptian real estate sector, and that the industry requires innovation, efficiencies, transparency and stability to bring back investors’ confidence. Mr.Ghazi added that Cityscape Egypt 2012 will enhance and support the vision for the Egyptian real estate market to foreign and local investors, highlighting its revolutionary developments and unparalleled investment opportunities.
Mr. Ghazi explained that Cityscape Egypt is being held to attract the brightest and most dynamic minds in the real estate industry to help define the ‘new rules’ and future opportunity within an ever-changing market landscape. Additionally, event participants for the first time, will be able to book meetings, see who will be attending and prearrange agendas before the doors to the event open with the new Business Matching service.
For more information on the event go to www.cityscapeegypt.com