El Zalat Group, a leader in construction and general contracting, has announced the launch of its real estate development arm, GEDICO, Invest-Gate reports. With a strong track record of partnering with major Egyptian firms on national infrastructure projects, including roads, bridges, and government buildings, the company is now expanding into real estate to capitalize on its extensive land portfolio.

Ahmed El Zalat, Chairman of El Zalat Group, stated that GEDICO’s establishment aims to develop high-quality real estate projects that align with global standards. “Our vision is to create world-class developments that position Egypt among the top countries in real estate development. We aim to contribute to property exports and attract foreign investment, generating much-needed foreign currency for the economy,” he said.

The company’s land bank spans multiple key locations across Egypt, including the New Administrative Capital, East Cairo, and Port Said. GEDICO plans to develop a diverse portfolio of residential, commercial, administrative, and medical projects in collaboration with top consultants and architects to ensure unique architectural designs.

El Zalat emphasized that GEDICO is committed to delivering distinguished developments under the group’s reputable name, with the ambition to become one of Egypt’s leading real estate players.