The Pulse | Cityscape Egypt 2022: Positive vibes
This periodical aims to discuss on-the-ground themes influencing MENA property developers.
In this edition: Cityscape Egypt 2022: Positive vibes
The Cityscape Egypt annual exhibition took place between 21 and 24 September, hosting c80 developers, notably higher than last year’s c55 developers, marking an official return to pre-pandemic levels.
Notable recovery in footfall, with more serious buyers than last year. The event seemed significantly crowded with visitors. The offerings were fairly diversified on both segment and geography, with an upper and middle-income focus.
Bigger weight noted for East Cairo residential projects vs. West Cairo peers. Offerings at the New Administrative City were also strongly present, albeit with lower concentration vs. last year. Limited offerings (and interest in most cases) in the Red Sea.
Conference promotions were limited to more lenient down payments on selected projects, with no price discounts or significant payment plan extensions.
SODIC, MNHD, and Amer Group were the only listed names that took part in the exhibition.
CI Capital is a diversified financial services group and Egypt’s leading provider of leasing, microfinance, and investment banking products and services.
Through its headquarters in Cairo and presence in New York and Dubai, CI Capital offers a wide range of financial solutions to a diversified client base that include global and regional institutions and family offices, large corporates, SMEs, and high net worth and individual investors.
CI Capital leverages its full-fledged investment banking platform to provide market leading capital raising and M&A advisory, asset management, securities brokerage, custody and research. Through its subsidiary Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. In addition, CI Capital offers microfinance lending through Egypt’s first licensed MFI, Reefy.
The Group has over 1,700 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets and a deep understanding of local market dynamics.
CI Capital has been recognized as the “Best Investment Bank in Egypt” by EMEA Finance for four years running from 2013-2016, and by Global Finance in 2014 and 2015.
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