Egypt’s real estate developer directs $195mln to construction works


Egypt’s real estate developer has directed EGP 6bn to accelerate the pace of construction in the company’s various projects during 2023.

This real estate developer plans to direct its new investments to develop new phases within its projects, in addition to expanding its services through new launches in the commercial sector as well as pumping investments to expand in other markets to replicate its current success across different markets.

This real estate company investment witnessed annual growth, which is clearly evident in the increase in the delivered units reaching more than 1,500 units over the past year. This year, the company aims to deliver more than 2,000 units. Moreover, the company achieved a huge leap and saw a significant increase in sales from EGP 2bn in 2018 to EGP 31bn in 2022 by launching new projects and phases in east and west Cairo, as well as Ras El Hekma, leveraging on the clients’ trust in the company’s innovative products.

The Founder and Chairperson of the real estate developer said that they were always keen to provide urban development that meets the various requirements of our customers, aiming to create added value to the Egyptian real estate market. He also mentioned that their plans this year were aiming to expand and achieve progress in the existing projects in order to deliver the largest number of units to our clients. Moreover, they would continue strengthening their partnerships with major international companies to provide an exceptional experience to their clients.

Constructed houses in Egypt
Constructed houses in Egypt

The company’s new investment solidifies the company’s esteemed position in the Egyptian economy as one of the leading real estate developers. With investments amounting to EGP 11bn during 2022 and 2023; it provides thousands of direct and indirect job opportunities and contributes to the establishment of integrated urban projects.

It can be seen that, in the future, the Egypt construction industry has many development opportunities and it is full of potential.

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Published: Apr 17, 2023

Last published: Mar 30, 2023