Egypt-based real estate developer Marseilia Group has revealed its plans to pump investments worth EGP 20 bn across Egypt within five years, Al-Dostor reports.

Marseilia Group Chairman Sherif Heliw says that the developer is studying a number of investment opportunities in New Alamein, New Administrative Capital, New Mansoura, and Upper Egypt, the official told Al-Dostor in the company’s annual suhoor event on Monday, June 11.

Marseilia Group mulls a new partnership for the development of a 250-acre tourism project in the North Coast, Heliw notes.

Moreover, Heliw reveals that Marseilia Group aims to make a transition from the Nile Stock Exchange to the Egyptian Stock Exchange (EGX) by the end of 2018; especially after the launch of its smart application.

The official points out that the move comes following the developer’s success in establishing projects, inside and outside of Egypt, with investments exceeding EGP 6 bn last year, Al-Dostor adds.

It is worth noting that Marseilia Group recorded a 72% decline in its net profit, logging EGP 1.03 mn during the first quarter of 2018.