Q Developments announces the launch of its business in Egypt’s real estate market during a Suhoor party held in a five-star hotel in Fifth Settlement, Invest-Gate reports.

Mohamed Farag, a board member at Q Developments, notes that the company has a vast experience in the field of real estate development and contracting that extends for decades.

Farag adds that Q Developments is an Egyptian joint stock company established in 2016 and owns 50% of shares of Jumeirah Egypt for Constructions, in addition to 75% of IG Capital, 90% of Q Asset Management Companies, Q Tourism Investment Company, and Q Art House Furniture Company.

The company’s investments amounted to EGP 9 bn, the top executive states.

Farag unveils that the company’s land portfolio has a value of EGP 1.2 bn, adding that the first project will be announced in June, which will be a coastal project in the Sidi Abdel Rahman area.

That will be followed by another project in Alexandria with a total investment of EGP 7 bn then this will be followed by a second project in North Coast, with investments amounting to EGP 2.8 bn, Farag says.