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Mega Projects Market Insights .pdf

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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.
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.

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

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.
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.

About Roots Land Real Estate:
Roots Land Real Estate is your property partner in the U.A.E. We are committed to
assisting you with the entire process of purchasing or selling your desired property. Our
experience in Dubai and Abu Dhabi?s property markets has provided us with invaluable
insight that is largely beneficial to investors.
Learn more about http://www.rootsland.com/

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

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