BETA Egypt for Urban Development announces raising its total investments in Egypt to EGP 6 bn, Invest-Gate reports.

Increasing its investment by 400% will boost BETA Egypt’s market share in the real estate sector, according to a company statement.

Alaa Fikry, chairman of BETA Egypt says: “Since the company’s launch in Egypt in 1993, we have been seeking high growth rates. So far, our land portfolio has reached 500,000 square meter, with a value estimated at EGP 2 bn.”

Fikry adds that around 400,000 square meter of land was developed and delivered to 3,000 families in a number of integrated distinguished communities that cater for all segments of society.

The third phase of BETA Greens project in 6th of October City is currently under construction, and is slated for delivery in 2018, Fikry adds.