In his speech following the opening ceremony, the Minister of Housing stressed that the real estate market is witnessing a growing volume of urban projects, which is increasing at a rapid pace annually.
Strong presence of real estate companies
Madbouly said that this year's exhibition includes a strong presence of a huge number of real estate companies that reflects the confidence of real estate investors in the market and their desire to double the size of development projects annually, adding that the Egyptian market is one of the largest markets in the world to attract investment and includes promising opportunities that allow investors to achieve the highest return in the field of real estate development.Madbouly said that the Egyptian market is one of the most attractive markets in the world and includes promising opportunities for investors to achieve the highest return in the field of real estate development. He pointed out that the strength of the Egyptian real estate market is driven by the size of the existing real demand, in addition to the continuous growth in the population, which contributes to maintaining the strength of the market in the coming years, as well as attracting more promising investments, as the real estate market is the cheapest in terms of prices compared to many other global cities, which drives the attraction of domestic and foreign investments.
The Egyptian government supports developers
The Egyptian minister noted that Cityscape is characterized this year by the participation of a number of real estate companies that have obtained plots in the New Administrative Capital to present their projects to customers, pointing out that the number of companies exhibiting at Cityscape is increasing annually, and noted the ministry's keenness to support real estate developers and give all private sector companies the opportunity to obtain land.He added that there were a number of real estate developers in Cityscape. He added that there were a number of real estate companies that are currently displaying their projects in the market and existing projects within the first phase of partnership projects with the ministry, explaining that the real estate developers at the exhibition confirmed the success of the partnership experience and the increase in the volume of sales of their existing projects.
Offering new lands to investors
He said that the ministry is finalizing the evaluation of the second phase in the partnership projects for 12 pieces and is working on them in preparation for announcing them successively starting from next month. He also pointed out that the ministry is currently preparing to announce a historic plan to offer land to investors and citizens starting from next month, explaining that more than 75 thousand pieces of land are scheduled to be offered.He noted that the ministry is currently preparing to announce a historic plan to offer land to investors and citizens starting from next month. He noted that the ministry is in the process of announcing the offering of new lands to investors in the coming period through the third phase of the partnership, and is preparing to announce the offering of the new phases of the projects of Resan Misr and Dar Misr, as well as the start of the first phase of the units of the new administrative capital, New Alamein and New Mansoura during the coming period.
The Ministry of Housing and Urban Development is currently preparing to announce a historic plan to offer land to investors and citizens starting from next month.
Cityscape will remain open until the evening of Saturday, March 31, at its new headquarters at the Egypt International Exhibition Center (EIEC) on the axis of Field Marshal Tantawi in New Cairo.
