Under the patronage of the Egyptian Prime Minister’s Office, Egypt Property Show today opened its 3-day real estate exhibition in Dubai World Trade Centre (DWTC) taking place in Dubai for the second consecutive year. The event, which is co-hosted by Al-Ahram Foundation in partnership with Spectrum Dubai, was inaugurated by HE Mr. Tarek Abd El Hamid, Consul-General of Egypt in Dubai and the Northern Emirates.
With an aim to showcase Egypt’s leading properties to expatriates and foreign investors, who have limited access to the Egyptian market, the exhibition brings along a number of renowned real estate companies under the same roof. In effect, the event hosted 21 developers specialized in luxury property, with projects spread across the Egyptian territory including the northern Mediterranean coast and the new administrative capital East of Cairo.
Abdel Mohsen Salama, Chairman of Al- Ahram Foundation and Head of the Egyptian Journalist Syndicate, in a statement said: “We want to raise their awareness on the country’s huge and untapped potential which is constantly undermined by the lack of representation of what the market can offer. We are happy to be here today to fill in - if not - to bridge the gap between Egypt as a whole and prospective investors outside the country.”
In a separate comment, Wahid Atallah, CEO of Spectrum Consultants, affirmed: “We salute the government’s decision to back this exhibition. In the last few years, officials have been working towards the inclusion of foreign investors in the Egyptian landscape by taking the necessary measures to facilitate the acquisition of properties.”
“We are pleased to return to Dubai this year to share a range of our finest property development solutions to UAE residents. We are very keen to participate in Egypt’s efforts to modernize and drive economic growth,” added Hesham Shokry, Chairman of Rooya Group.
In another statement, Mohamed Al Alfy, Chairman City Edge concluded that: “Egypt Property Show is a great opportunity to present various investment possibilities in the Egyptian real estate market to an international audience. If we are here today, it is because we want to communicate changes in the real estate market and sensitize international arena on Egypt’s investment prospects.”
Last year, Egypt Property Show was immensely successful, recording considerable investors’ turnover and USD 55.2 million total sale value.