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Mega Projects Market Insights

— Colliers


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 i rease the Ca al’s a ual revenues from US$5.3 billion to approximately US$13.2

illio i 0 . A ordi g to the Suez Ca al Authorit ’s projections, daily transits will rise from their current level

of 49 ships to 97 ships by 2023.

Mega Projects - Market InsightsOne of the canal

e pa sio ’s positive i pa ts is a pla ed s he e 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.


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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