CEO of Minka Development Abdullah Salam said the company is on the verge to finalize its “latest and largest project” in east Cairo, attempting for launching within the next couple of months, Invest-Gate reports.

“The project will set a new benchmark for property innovation and livability in the Egyptian real estate market,” Salam indicated in the company’s press release on July 6, stressing that ongoing developments are set to see investments surpassing EGP 6 bn in the upcoming four years.

In addition, Minka intends to set foot in west Cairo and expand into various coastal areas in the near future, he further revealed.

Since its inception in 2016, Minka managed to develop a number of innovative and sustainable properties nationwide, each of which has its own unique characteristics, standing out for catering to untapped customer aspirations and for being delivered ready to live-in or generate income.

“Despite the recent challenges facing the whole world, the Egyptian real estate sector has proven to be remarkably resilient in comparison to other sectors,” the CEO was quoted as saying, highlighting that in crisis times collaboration is prioritized over the competition.

On another note, the Egyptian company has applied all safety precautionary measures across its headquarters and construction sites, in the wake of the Coronavirus outbreak. “The developer has also been keen to pay the salaries ahead of time, and disburse an extra payout to help employees manage any personal surprises too,” Salam confirmed.

Minka Development is a family-owned company by the Sallam Family, which founded and introduced a diverse array of brands and businesses to the Egyptian market such as BTECH, IDEAL, and Olympic Electric, not to mention the edutainment giant KidZania, amongst others.