Mega Projects Market Insights

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    Mega Projects Market Insights

    Colliers

  • www.roostland.com | Dubai Real Estate Broker Roots Land Real Estate

    A number of national mega projects are planned and

    implemented including Cairo Airport City, Suez Canal

    expansion, and New Capital City that are likely to drive

    demand for additional real estate products.

    SUEZ CANAL EXPANSION

    The Suez Canal expansion will irease the Caals aual revenues from US$5.3 billion to approximately US$13.2

    illio i 0. Aordig to the Suez Caal Authorits projections, daily transits will rise from their current level

    of 49 ships to 97 ships by 2023.

    Mega Projects - Market InsightsOne of the canal

    epasios positive ipats is a plaed shee of establishing an airport in Ain Sokhna. This will enhance

    the corporate demand for residential, commercial, retail,

    education and healthcare facilities along with hotel

    rooms, especially in the East side of the City Centre.

    Airports and aviation sector around the Suez Canal are

    also planned to compliment the major investment being

    made to expand the Suez Canal.

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    CAIRO AIRPORT CITY

    Cairo Airport City is aimed at positioning Cairo as the centre of the region through a

    series of logistical, retail, and recreational developments. There is a study to link the

    Airport City with the new Suez Canal through a new railway line with Ain Sokhna port,

    and Cairo International Airport. Cairo Airport is likely to be a major assembly and

    distribution centre of passengers and cargos.

    The Airport City is a complete city around the airport and will include a new trade free

    zone, cargo village, factories belonging to the civil aviation for packaging, and food

    outlets. In addition, an entertainment area, administrative offices, hotels and a hospital

    are planned or under construction. The project is expected to provide more than

    120,000 jobs on the short and long term. This will translate to additional demand for

    residential units, commercial space, and hotel rooms.

    NEW CAPITAL CITY

    The New Capital City is expected to be a new administrative and financial district,

    extending Cairo eastwards to the Coast of Red Sea. According to the Egyptian

    Government and the master planners, the City will be a new urbanization area that is

    projected to host over 7 million residents. The new city is expected to be surrounded by

    local schools, religious buildings, civic amenities and shops.

    The project is expected to attract domestic and international investors. Therefore, a

    stronger demand for real estate developments is anticipated in the future.

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