Leading Egyptian developer Administrative Capital For Urban Development (ACUD) will be outlining its roadmap for Egypt's growth and the lucrative investment opportunities in the real estate market there at the International Property Show (IPS 2022), which kicks off in Dubai on March 24.

 

Acud is the owner and developer of the New Administrative capital in Egypt, a transformative project and extension of Cairo, as one of the world’s largest urban developments at 700 sq km with an expected population of 6.5 million on completion. 

 

It is being designed as a super smart and sustainable city of the future, that will house a new presidential district, government district, diplomatic district, headquarters of the House of Representatives, and 20 residential areas.

 

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, said a top official of Acud.

 

"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," remarked Ahmed Zaki Abdeen, the Acud Chairperson.

 

"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, he added.

 

IPS 2022 is set to attract more than 20,000 visitors from over 40 countries and 100+ international exhibitors. With Dubai Expo 2020 underway, it will get an additional boost as more visitors are expected to drop in.

 

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, said the event organisers.

 

"Egypt is certainly a promising market for real estate investment and purchasing. We are glad to have Acud on board with us," stated Dawood Al Shezawi, President of Strategic Exhibition and Conference and Head of Organizing Committee of IPS. 

 

"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," he added.-TradeArabia News Service