Egypt’s prominent real estate developer Al-Ahly for Real Estate (Sabbour) is to invest EGP 4 mn in the country’s property market in 2017, Invest-Gate reports.

The developer’s CEO Ahmed Sabbour says that the investments will be channeled to carry out eight existing and new projects, adding that the company plans to sign contracting deals worth EGP 2.7 bn.

Sabbour also notes that the company’s sales have totaled 1.8 bn EGP by the end of the leading property exhibition Cityscape last Monday.

Al-Ahly for Real Development took part in the fair with five projects, including Aria, L’Avenir and Green Square in New Cairo as well as the fourth phase of Amwaj project in the North Coast and Platinum Club in the Fifth Compound.