Debut Egypt Property Show nets over $55m sales

Egypt Property Show (EPS) 2017 ended its inaugural GCC edition on a successful note with leading developers clinching sales deals worth E£1 billion ($55.2 million) during its three-day run. The event, which concluded yesterday (May 7) at the Dubai World Trade Centre, witnessed robust participation of Egyptian companies. EPS Dubai attracted investors who were looking for promising prospects in the Egyptian market, particularly from the country’s top developers. Participants gained valuable insights from property experts on what investments offer the best returns, as well as the opportunity to take advantage of exclusive offers only available during the exhibition. Hisham Lotfi, the chairman of Al Ahram Establishments, said: "The exhibitors were highly satisfied with the outcome of their participation as they were able to meet visitors’ expectations of the various real estate projects coming up in Egypt. We are even more inspired to make this event bigger in the next roadshows." Wahid Attalla, CEO, Spectrum Consultants, said: "The turnout of our launch roadshow event in Dubai only proves the strong interest among expatriate Egyptians and international investors to invest in the Egyptian property market." "Indeed, the sector is ripe to expand its offerings beyond the local market and reach out to many Egyptians abroad seeking value in their investments. The number of visitors which came during the three-day exhibition exceeded our expectations and the deals that have transpired during the event are clear indications of an untapped huge market," he noted. "We can only look forward to next year’s event being 50 per cent bigger than this year," he added. Hisham Shoukri, the chairman & CEO, Rooya Holding, said: "The EPS has accurately presented the Egyptian real estate market and we are confident that this event will have a huge impact on the future of investments in the Egyptian market." "The support of the Egyptian Government is also highly commendable, plus Arab investors are seriously considering the country’s real estate potentials. Egypt is undoubtedly among the world’s leading markets when it comes to real estate investments," he added. Sultan Butti bin Mijrin, the director general of Dubai Land Department, who attended the event, lauded the exhibition and the projects that were showcased by Egypt’s leading developers such as the Emaar, Sabbour, Madinet Nasr and Rooya Holding. The second EPS edition in Dubai will be held from April 12 to 14, 2018. Following its success, the organisers are planning to hold the next roadshow exhibition in Kuwait followed by Saudi Arabia and then London