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Second edition of "Next Move" exhibition to begin on April 28 in Cairo

Orient Planet PR & Marketing Communications
Second edition of "Next Move" exhibition to begin on April 28 in Cairo - Egypt - Property - Exhibition

The second edition of the Next Move real estate investment and finance exhibition is set to run from April 28 to May 1, 2009 at the Cairo International Conference Centre. The exhibition, launched last year with great success and praised by real estate investment experts in the Arab world, will put together the biggest companies specializing in the areas of real estate investment, development and finance, and is expected to attract over 30,000 visitors to around 20,000 sqm of exhibition space.


Next Move 2009 complements the Egyptian government's plans to expand infrastructure, reduce congestion and control random urban sprawl within large cities. The government is realizing these through horizontal development into the desert hinterland around the large cities, with incentives to attract investments into new urban communities. This strategy has been remarkably successful over the past decade, and has encouraged officials to facilitate national and foreign investments to manage and develop more of such projects.

Egypt's real estate sector provides many investment benefits, such as exemption from capital gains taxes and lower prices; in addition the country has several tourist attractions, a mild climate year-round, and its close proximity to major European destinations.

"Next Move 2009 is an opportunity for various interested parties to reveal the secret of the stability of Egypt's real estate sector despite the effects of the financial crisis. The event offers valuable insights on how companies overcome the obstacles caused by this crisis, such as the diversification of products adopted by real estate development companies to meet the aspirations and needs of the middle class. Several foreign real estate investment companies are also showing greater interest in the Egyptian real estate market due to their potential for long-term deals," said Ahmed Ghozzi, Chairman, ACG-ITF.

"Among the companies that have shown particularly strong interest in this market are    SODIC; ORASCOM; NEW GIZA; Al-Futtaim Group; Talaat Mostafa Group; Al Rabwa; Arabia for Real Estate Development "Saboor", Emaar Misr; Orientals for Urban Development; Palm Hills Development; Murooj; Construction & Housing Bank; Murabahat; Coldwell Banker; and several other leading names in this important sector. We have thus significantly expanded our agenda for this event, diversified methods to attract visitors, and provided excellent leisure facilities as attendees will spend a long time at the exhibition," he added.

"There is an opportunity for serious real estate development companies to firmly establish themselves in the Egyptian market during this critical period, as local conditions are different from those of other markets. A gap still exists between supply and demand, which ultimately contributes to the stability of the market in the long-term. The companies who figured prominently in the previous edition of Next Move have shown steady and confident progress in implementing their projects according to specific schedules and strong commitment to their plans. These same companies will be announcing their new, planned, and ongoing projects this year," said Yasser Ghazi, Chairman, Lead Marketing Solutions.

This year's edition of Next Move features a series of discussions which will  extensively analyse how the economic downturn has had varied effects on the real estate investment markets of countries across the region. The exhibition also represents a perfect opportunity to communicate directly with real estate developers, investors, finance companies and banks, as it will serve as a window to explore the opportunities available within the growing Egyptian real estate sector despite the global financial crisis.

Next Move is the result of a joint cooperation between ACG-ITF, the largest exhibition organizer in Egypt, and Lead Marketing Solutions, a leading global company in projects marketing. The partnership resulted in a highly success first edition last year. The 2008 exhibition witnessed the presentation of a variety of housing and investment projects worth AED 37 billion, and is expected to achieve greater success when it starts at the end of this month


Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.