Business Loop Intl signed an agreement with Al Khaleej Development to provide management and development solutions for the company’s projects, Invest-Gate reports.

The step falls in line with the company’s plan to contract with leading companies in field of managing and developing real estate projects.

Mostafa Saeed, CEO of Business Loop Intl, says that this contract is part of the company’s plan to expand in real estate market and cooperate with more serious and distinguished real estate developers in Egyptian market. Saeed adds that the company has a diversified portfolio of projects that it manages, and includes commercial, administrative and recreational projects, besides, a residential compound.

He further notes that the cooperation aims to maintain Al Khaleej’s projects quality and their investment value, clients’ investments. The company’s project portfolio includes about 11 projects, most notably Zad Mall in Sadat city, Sentrada project in Sheikh Zayed city, and Green Golf compound.

Business Loop Intl aims to expand its customer base in local market, especially with the scale of the comprehensive urban development that Egypt is currently witnessing and includes promising investment opportunities in different fields for all companies and investors, including real estate sector

“With Egypt’s urban development and the need to preserve it, the role of project management and facility management companies became very important to reserve real estate wealth,” Saeed highlights.

Ayman Abu Zaid, board member of Al Khaleej Development, expresses that the company seeks to provide high-quality real estate products, which prompted it to choose companies that have long and distinguished experiences in all development phases of these projects.