Anchor Developments to Inject EGP 10 bn Initial Investments

Anchor Developments to Inject EGP 10 bn Initial Investments

Anchor Developments, a new real estate development arm of Alsarh Holding Group, enters the real estate market with a robust investment plan and initial investments of EGP 10 bn, Invest-Gate reports.

Amr Ali, chairman of Anchor Developments, states that Egypt is currently developing its urban infrastructure, and the opening of new fourth-generation cities has made promising investment opportunities in the real estate sector available. This, in turn, has allowed a new, powerful generation of real estate development companies to take part in this development.

Ali highlights the importance of establishing a solid financial plan for construction projects, especially in today’s market where speedy development is required.

After receiving ministerial approval for the project that the company purchased a year ago in collaboration with a significant investment entity, the company will shortly announce its first projects, which will be constructed in the NAC, Ali discloses.

He points out that this cooperation achieves integration between the advantages owned by both entities, and heralds the development of a strong and distinctive project in a quick time, explaining that the New Capital is a huge project, and the company is proud to launch its first real estate investment in the market in this promising national project.

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