With preparations in full swing for the hugely popular International Property Show, IPS 2022, to be held in Dubai from March 24 to 26, the Owner and Developer for the New Administrative capital in Egypt – Administrative Capital For Urban Development (ACUD) – is all geared up to participate in the event and showcase its major plans and lucrative investment opportunities in the Egyptian real estate market.
Egypt is witnessing a boisterous growth in its real estate investment and purchasing, with $231.1 million Net Foreign Investment being used for purchase of real estate properties in Egypt in 2021.
The IPS 2022 will provide a stupendous platform bringing all key stakeholders and decision-makers in the real estate industry under one roof for the best returns on investments.
Egypt’s new Administrative Capital is a transformative project and extension of Cairo, as one of the world’s largest urban developments at 700 square km with an expected population of 6.5 million on completion. Designed as a super smart and sustainable city of the future, it will also house a new presidential district, government district, diplomatic district, headquarters of the House of Representatives, and 20 residential areas.
“Egypt is certainly a promising market for real estate investment and purchasing. We are glad to have ACUD on board with us. Their presence and display of the new capital will be a stellar offering at the show. We are confident that for real estate developers in Egypt, exhibiting in IPS is a golden chance to reach global buyers,” said Dawood Al Shezawi, President of Strategic Exhibition and Conference and Head of Organizing Committee of IPS.
Egypt’s real estate sector has grown by 8% since the beginning of the year, and IPS is a true melting pot that gives ACUD the opportunity to tap a large group of real estate investors.
“The new capital is developed with the strategic vision for a smart city integrating its smart infrastructure to provide many services to citizens. Our participation at IPS is an effort to highlight Egypt’s undiscovered beauty, as well as tap high net worth individuals and serious buyers interested in investing in Egypt,” said HE Ahmed Zaki Abdeen, ACUD Chairperson.
IPS 2022 is set to attract more than 20,000 visitors from over 40 countries and 100+ international exhibitors. The show has proved itself to be the leading property show in the MENA region, with notable achievements across all metrics; exhibitors, visitors, and countries represented. With Dubai Expo 2020 underway, the show will get an additional boost as more visitors are expected to drop in.
