(MENAFN- Daily News Egypt) >Egypt is very attractive on the level of investment because the return of investment (RoI) in Egyptian market reaches about 30%-40% compared to
7%-10% in other markets. Moreover, local investing in property is still safe haven to Egyptians more than other sectors, according to Kalila.
'The overall mission of the expo is promoting investment in Egypt under symbol of 'Misr Betaarablek' or [Egypt is Getting Closer], besides, promoting real estate projects in 14 important new cities in Egypt such as North Coast, Ain Sokhna, New Administrative Capital, Red Sea and other important areas,' Kalila pointed out, adding, 'this promotion is driven by the urban development process, which is being in full swing. As well, political stability has strongly participated in encouraging property export in Egypt for Syrian, Libyan Iraqi people.'
He said that the Emirati people are very interested in buying property in
coastal areas of Egypt, such as New El Alamein, New Mansoura, Hurgahda, and Red Sea.
'Nile Property Expo aims to achieve a longlasting momentum as a dynamic platform where real estate developers meet and unveil their projects. Like- wise, such exhibition represents the strong ties and relation between Egypt and the UAE,' Kalila commented.
Furthermore, he stressed that the expo also targets boosting Egypt tourism in general through promoting variety of real estate projects close to the sea.
He elaborated that the three-day event will be dedicated to launching premium real estate developments such as luxury, residential and commercial properties in a B2B-focused platform.
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