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New Suez Canal signals many new real estate opportunities - Daily News Egypt

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New Suez Canal signals many new real estate opportunities

Optimism is high amongst real estate developers set to take part in fifth and largest ever edition of Cityscape Egypt

The New Suez Canal’s inauguration offers many new opportunities for real estate developers to provide needed facilities to develop the Suez Canal’s surrounding areas, according to a Cityscape statement Monday.

Optimism is high amongst real estate developers who are set to take part in the fifth and largest ever edition of Cityscape Egypt on 16-19 September at the Cairo International Convention Centre, said Ahmed Shalaby, Tatweer Misr Managing Director.

He added that developers recognise the potential opportunities now surfacing in order to provide much needed amenities in the cities of Suez, Port Said and Ismailia.

“Tatweer Misr is presenting its flagship project Galala-Sokhna in the Gulf of Suez, in addition to Fouka Bay North Coast at Cityscape next month,” said Shalaby.

For his part, Hany El-Assal, Chairman of Misr Italia Group, said: “Cityscape is becoming increasingly important this year amid greater optimism on the part of investors.”

“Misr Italia is completely confident in the real estate sector’s ability to drive the national economy. The Group supports all efforts to advance this vital sector, in addition to its commitment to participating in events that bring together the biggest investors and real estate developers, particularly Cityscape, which has become a unique annual event for the development of the real estate sector,” El-Assal said.

Agreeing with El-Assal’s statements, Ismail Yehia, CEO of Trends Real Estate, said: “Having the Cityscape Egypt exhibition right after the grand opening of the New Suez Canal will definitely boost the event which is expected to witness a magnificent growth in real estate demand in the Egyptian market, especially the New Urban Developments.”

Cityscape’s exhibitions, conferences and seminars are the leading events that bring together key industry decision makers, international investors, developers, government and investment authorities, leading architects, designers, and consultants active in the design and construction of real estate.

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