Marseilia Almasria Alkhalegeya for Real Estate Investment’s ordinary general meeting (OGM) has agreed to sign a partnership agreement with Ruqai Real Estate, Invest-Gate reports.

During the meeting held on June 23, the company authorized its vice chairman and managing director to complete all legal procedures related to the contract.

Earlier, Marseilia Group has revealed its plans to invest EGP 5.5 bn to develop two projects in 2018.