Real Estate Innovation Center, Global Investments

(MENAFN – Daily News Egypt) According to exhibition director Robert Daniel, the 13th edition of Cityscape Egypt, which will be held in 2024, is an excellent platform to showcase the latest innovations and technologies in the real estate sector.

Daniel stressed that the exhibition brings together real estate developers and investors from different nationalities, promoting Egyptian real estate internationally.

The exhibition is expected to host over 80 real estate developers and showcase over 1,000 outstanding real estate projects. Daniel emphasized that this edition is crucial to increasing the efficiency of the sector and meeting the changing needs of customers. It also attracts local and international investments, increasing the injection of new capital into the real estate market and the supply of residential and commercial premises.

In addition, the event strengthens partnerships between developers, investors and experts, facilitating the implementation of large-scale real estate projects with added value. This year’s edition is in line with the latest global developments in the real estate industry, enabling Egyptian companies to compete in international markets. The exhibition also includes the Cityscape Talks platform, which fosters the exchange of knowledge and experience between experts, investors and decision-makers in the real estate sector.

The Cityscape Talks platform will feature discussions on topics of interest to buyers, from home design and available financial support to the impact of technology on new urban communities. The conference will also highlight important trends, including the rise of digitalization and real estate financing.

The 13th edition will be attended by a distinguished group of industry experts, including Walid Abbas, Deputy Minister of Housing, Municipal Services and Urban Communities; Khaled Mahmoud Abbas, Chairman and CEO of Administrative Capital for Urban Development; and Fathallah Fawzi, Vice President of the Egyptian Businessmen’s Association and Chairman of MENA Real Estate Consultants.

For the first time, Cityscape will host the Egypt Proptech Challenge, a competition aimed at integrating youth into the real estate sector by encouraging them to present innovative ideas that contribute to the digital transformation that will change the future of the real estate industry.

Egypt Proptech Challenge is a competition aimed at supporting startups in the real estate technology sector. The competition was launched to encourage innovation and the development of new technological solutions to improve the real estate industry.

This competition is part of the events at Cityscape Egypt this year, providing a platform for startups to showcase their innovative ideas to a select group of developers, investors and decision-makers. The competition aims to strengthen cooperation between startups and investors, contributing to the development of the real estate sector in Egypt and the wider region.

He revealed that Cityscape Egypt is contributing significantly to increasing Egyptian real estate exports, especially since the 13th edition of the event provides an ideal platform to showcase major real estate projects targeting foreign markets, especially in Arab countries such as the United Arab Emirates and Saudi Arabia.

He added that the exhibition brings together real estate developers and investors from different nationalities, facilitating the promotion of Egyptian real estate abroad. More than 80 real estate developers are expected to participate in the exhibition, showcasing over 1,000 outstanding real estate projects. It provides an opportunity to connect with a large number of international investors, thereby increasing the opportunities for real estate exports. The Egyptian market enjoys numerous advantages, including a strategic geographical location, a temperate climate all year round and favorable exchange rates after the floating of the Egyptian pound.

Daniel said: “The Egyptian government is implementing various initiatives to stimulate real estate exports, including the establishment of a real estate fund to hold income-generating administrative and commercial assets, the trading of real estate on the Egyptian Stock Exchange, and the establishment of a real estate exchange that will serve as a platform for investors and real estate companies to buy, sell and invest in shares in real estate assets, providing opportunities for immediate trading and greater liquidity in the real estate sector.”

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