For the first time in Egypt, Travco Properties & Engineering participated in “Next Move”, the first and biggest real estate and property development fair in Egypt, which was inaugurated on the 16th and lasted till the 19th of April, 2008. The company showcased both it’s property development projects – Almaza Bay in Marsa Matrouh, and Madinat Makadi in Hurghada.

Organized by ACG-ITF Co., the largest exhibition organizer in Egypt and the leading trade events organizer in the Middle East and North Africa (MENA) region, Next Move, the first mega real estate exhibition and forum in Egypt, took place at the Cairo International Conference Centre, welcomed more than 40 exhibitors and 25,000 visitors to 16,000 square meters of exhibition space to explore various residential and commercial projects by leading real estate developers in the Middle East.

Ahmed Ghozzi, Chairman, ACG-ITF, said: “Next Move offers a relaxed yet vibrant platform for buyers, developers, and financiers to interact and discuss the latest and best options for real estate acquisitions. Financing companies will be offering various special offers and financing solutions during this landmark event, particularly for projects in the booming Egyptian real estate market. Participants will be able to have a comprehensive overview at the lucrative projects presented at the highly attractive exhibition spaces prepared by the biggest names in the region’s property industry.”

Egypt’s real estate market is rapidly expanding due mainly to aggressive government programs to promote foreign investments in construction and real estate projects. The market’s phenomenal growth reflects the country’s booming economy, which is expected to surpass a 7.1 per cent economic growth achieved in 2007 which relied heavily on tourist revenues. Increased property projects are expected to further improve Egypt’s image as a prime tourist destination in the Middle East.

Visitors showed great interest in both Travco Properties’ mega projects in Almaza Bay in Marsa Matrouh, and Madinat Makadi in Hurghada. The 6.3 square-meter Almaza Bay Resort comprises 3500 residential units in different sizes, six world-class hotels, and is located on one of the most extravagant Mediterranean beaches in existence.

As for the already well established Madinat Makadi Resort Madinat Makadi, it lies on a 4.2 square-meter land, and presents residents with 3500 luxurious residential units, from extravagant villas to spacious apartments.