JD Holding announced a strategic expansion plan targeting EGP 10 bn in real estate investments in 2024, Invest-Gate reports, citing chairman Ahmed Attia Aletr.

Despite global and local economic challenges affecting the industry, the company will continue implementing growth and ambitious investment plans in parallel with ongoing projects, Chairman Aletr said.

There are strong opportunities from the state’s urban development programs, but only serious companies with experience and strong finances can capitalize, Aletr noted, mentioning that JD Holding meets these criteria and plans EGP 2.6 bn in investments by year-end.

The company aims to diversify offerings with various residential and investment projects, including different project activities across new cities, coastal areas, and new regions like Fifth Settlement. It will also expand in Egypt’s New Administrative Capital.

JD focuses on strategic project locations to ensure high investment returns for the company and clients. It also targets a diversified portfolio catering to current and prospective buyers.

The company is implementing the Riverside Twin Tower commercial and administrative project in the New Capital’s Downtown, which has attracted strong early demand and sales.

JD studies market opportunities to select investments aligned with its plans, boosted by continued client demand for real estate as a stable investment avenue.