Expo Republic Completes Contracts with Developers for Three Gulf Real Estate Exhibitions
The company has finalized contracts with participating developers for its upcoming exhibitions, which will be organized under the patronage of the Egyptian Prime Minister’s Office and the Ministries of Housing and Emigration.
Dr. Bassem Klela, Chairman of Expo Republic, stated that the new edition of the Nile Property Expo will take place during the first quarter of the year across three Gulf cities in close succession: Riyadh in January, followed by Dubai in February, and Kuwait in March.
He added to Al-Borsa that the Ministry of Housing will have a dedicated pavilion at the exhibitions to promote Egyptian real estate and investment opportunities in 14 new cities, including the New Administrative Capital, New Alamein, and New Mansoura, alongside residential projects in West Cairo.
Klela explained that the exhibition space in each country will total 2,000 sqm, divided equally among developers, with each company receiving 50 sqm fully equipped with display screens.
He noted that real estate exhibitions remain a valuable opportunity to export Egyptian real estate and showcase diverse visions reflecting urban development projects within the framework of Egypt’s 2030 Sustainable Development Strategy, while responding to the demand of Egyptians abroad who wish to own property in their home country. These exhibitions also serve as a promotional tool to position Egypt on the regional and international real estate map.
Klela emphasized that developers are expected to introduce innovative real estate products at these exhibitions to attract foreign investors and establish a competitive edge compared to neighboring countries.
He also pointed out that there is strong competition for the Egyptian real estate market, and developers must receive facilitation through overseas exhibitions to promote their projects and ensure the success of the property export initiative.
According to Klela, real estate investment is one of the most important sources of income, as Egypt remains one of the most attractive markets due to its large-scale projects, abundant land, and high-quality services, especially in new cities.
He highlighted that real estate export is a major addition to the sector and the Egyptian economy in general, as it brings in foreign currency from international clients.
He noted that the domestic market relies on over 90% Egyptian clients and only 10% foreigners, whereas overseas markets generate 25% of sales from foreign investors.
Klela added that the government has implemented a set of measures to encourage property export, including the law granting residency to foreigners who purchase property.
He also mentioned that the government and Central Bank initiative to finance units for middle-income families, with a fund of EGP 50 billion, will revitalize the real estate market.
The primary goal of the Nile Property Expo is to bring together companies with substantial projects in the real estate industry and showcase them internationally.
Finally, Klela noted that the exhibitions will feature major banks and several mortgage finance companies, making it easier for Egyptians to purchase suitable properties through simple and flexible financing solutions.
