Egypt Property Show 2017 press conference Egypt Property Show 2017 press conference

Egypt Boasts Booming Real Estate Sector

Ahead of the Egypt Property Show 2017 on May 05 – 07 in Dubai, a press conference put the spotlight on Egypt’s rapidly growing real estate market, showcasing considerable investment opportunities.

According to Egypt Ministry for Housing, the country’s booming population has resulted in growing demand for residential housing, with an estimated 500,000 new homes needing to be built annually over the next five years.

In line with the governmental objective to sustain the sector’s upward trajectory, two major development projects were presented during the event, New El Alamein City, set to become the next tourism and residential hotspot, and yet-unnamed The New Capital of Egypt, expected to play a role of a financial and administrative hub.