Egypt to profit from huge construction demand

The Next Move is a real estate and finance show.

Egypt’s real estate and finance exhibition Next Move will highlight local property opportunities this month as the demand for residential units remains high.

The country’s residential market offers strong potential for the next decade due to the current shortage of 3 million units with additional demand for 150,000 units per year.

The saturation of the high-end market is expected to open up demand from the low- to middle-income segment, which represents around 45% of the population.

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“Egypt’s property markets have been performing exceptionally well over the past two years due to steady population and business growth. Next Move is an important platform for industry stakeholders to identify opportunities, address market gaps and sustain industry growth,” said Ahmed Ghozzi, Chairman, ACG-ITF, one of the two co-organizers of the event.

“Its significance will be further highlighted this year as the world looks forward to the start of economic recovery and investors display greater confidence in investing into the property sector.”

The event will run from April 28 to May 1, 2010 at the Cairo International Convention and Exhibition Centre.