Organi Group has announced a strategic partnership with China State Construction Engineering Corporation (CSCEC), one of China’s largest construction and engineering firms, Invest-Gate reports.
This partnership aims to enhance strategic exchange and global expertise transfer to the Egyptian market. This partnership aims to contribute to the development of the local real estate sector in line with the latest international standards and Egypt’s Vision 2030.
In the attendance of Eng. Sherif El-Sherbiny, Minister of Housing, Utilities, and Urban Communities, and Mr. Zhao Liuqing, Commercial Counsellor at the Chinese Embassy in Cairo, on behalf of Liao Liqiang, the Chinese Ambassador to Egypt, the agreement was signed by Captain Essam Al Organi, CEO of Organi Group and Chairman of Organi for Development and Investment, Mr. Chang Weicai, General Manager of CSCEC Egypt, and Mr. Amr Sheta, the Managing Partner of Income, the Egyptian partner of CSCEC.
The signing ceremony was attended by business leaders and senior executives from this strategic alliance, including Dr. Assem El-Gazzar, former Minister of Housing and Chairman of Neom Real Estate Development, and Mr. El-Sayed El-Quseir, former Minister of Agriculture, CFO and Board Member of Neom.
Commenting on this strategic partnership, Captain Essam Al Organi, CEO of Organi Group, stated: “Since its inception, Organi Group has pursued an ambitious strategic vision aimed at achieving comprehensive and sustainable development by creating new job opportunities, supporting local industries, diversifying the Egyptian economy, and strengthening its position as an attractive investment hub.” He added, “Exchanging expertise with globally trusted entities and leveraging CSCEC’s advanced solutions will add significant value to the real estate sector, enabling Organi Group to develop innovative projects that contribute to Egypt’s infrastructure development and expand our client base.”
Mr. Chang Weicai, The General Manager of CSCEC Egypt stated:” We are honored to forge this strategic partnership with Organi Group, a milestone that strengthens the synergy between our world-class engineering expertise and Egypt’s rapidly evolving market. This collaboration is more than just a business venture—it is a commitment to bringing the latest technologies and global best practices to Egypt, driving innovation, and shaping the future of the real estate sector.
He further added: “As a key strategic partner in some of Egypt’s most ambitious projects, we are eager to expand our footprint and push the boundaries of excellence. Together with Organi Group, we will develop groundbreaking projects that not only set new industry benchmarks but also create transformative opportunities for sustainable growth and development.”
Mr. Hesham Sheta, Chairman of Income, the Egyptian partner of CSCEC expressed his delight in the strategic partnership with CSCEC and Organi Group, emphasizing that this collaboration opens new horizons for cooperation between Egyptian and international companies in the construction and development sector in Egypt.
He added: “At Income, we strongly believe in the power of strategic partnerships and the exchange of expertise and advanced technology to drive progress in Egypt’s real estate sector. We are excited to work alongside our partners to implement global best practices in executing major real estate projects, ensuring a significant leap in quality and innovation. This partnership will undoubtedly introduce groundbreaking solutions that support the sustainable growth of Egypt’s real estate sector, strengthening the market’s ability to attract future investments and contribute to the realization of Egypt’s Vision 2030.”