Jadeer Group, a prominent leader in the real estate development sector, has officially announced its complete acquisition of Trojan Construction Group, Invest-Gate reports.

Mahmoud Abu Al-Khair, the Chairman of Jadeer Group, elaborated that the acquisition is within the framework of the Group’s expansion plan, which seeks to amplify and diversify its operations. The acquisition encompasses Trojan Construction Group, renowned for its substantial presence in real estate development, contracting, concrete works, and a sizable portfolio of projects in the New Administrative Capital (NAC) and New Cairo. This acquisition further strengthens and expands Jadeer Group’s position in the real estate investment market.

Abu Al-Khair disclosed that the acquisition deal with Trojan exceeds one billion pounds, underscoring the significance of the transaction for the group. Additionally, he emphasized that meticulous planning is underway to develop the acquired projects formerly owned by Trojan, ensuring that the plans and methodologies align with the requirements of the real estate market and Jadeer’s strategic plan.

Furthermore, Abu Al-Khair revealed the company’s aim to inject investments totaling EGP 4 bln into its existing projects and upcoming ventures, which will be announced soon. These investments are scheduled for the years 2023 and 2024, reflecting Jadeer Group’s commitment to growth and expansion in the real estate sector.