Azmeel Group, real estate company, is to expand its investments in the Gulf, following its recent participation at Elite Real Estate Exhibitions (EREEX 2016) held in Qatar and Kuwait, according to Chairman Ahmed Shaheen, reported Amwal El Ghad.

Shaheen considers the Egyptian real estate market active and attractive to foreign investments despite the increase in the price of the dollar against the Egyptian Pound.

The company is known for developing Selena Bay project in Hurghada, one of the most major touristic projects in Egypt and it is believed to revive the tourism sector.