Marquee Developments, backed by European-Egyptian investment, has launched its operations in Egypt with a series of development projects nationwide, Invest-Gate reports.

The company aims to create a transformative impact in Egypt’s real estate sector by developing modern communities aligned with Egypt’s recent urban renaissance.

Hazem Salama, Chairman of Marquee Developments and an influential figure from Egypt’s 1980s construction boom unveiled the company’s strategy to build high-end communities through selective investment in promising regions. He emphasized the company’s mission to contribute to sustainable development as outlined by Egypt’s political leadership, adding value to the real estate sector while attracting direct foreign investments that drive Egypt’s economy.

“Our primary goal is to support sustainable growth in Egypt’s real estate, contributing to over 20% of GDP, and to elevate Egypt’s market to global standards,” Salama said.

Marquee CEO Mohamed Amer highlighted Egypt’s real estate sector as a prime investment opportunity, especially with recent major land deals like Ras El Hekma and Ras Banas, which have garnered significant foreign interest. “Egypt has become a focal point for Middle Eastern and European investors,” Amer stated, expressing optimism about the country’s potential to lead as an attractive regional investment destination.

With its commitment to blending luxurious design and architectural innovation, Marquee Developments aims to create vibrant, high-end communities across Egypt, setting a new standard for real estate.