Rwabet Developments has unveiled a bold investment plan totaling EGP4 bn set to unfold throughout 2024 in the real estate market, Invest-Gate reports.

Chairman of Rwabet Developments, Khaled Suyuti, announced three new projects in New Cairo and Madinaty, with the first slated for release during Ramadan 2024.

Furthermore, Amr Sabry, Director of Development and Investment, revealed partnerships with Barwa Real Estate, which boasts projects worth EGP2 bn in Madinaty, along with additional ventures in New Cairo valued at EGP1 bn and another in the Administrative Capital.

Moreover, Mohamed Hamdy, Director of the Commercial Sector, disclosed plans to introduce innovative concepts to the market, including mini-compound projects with distinctive services and separate buildings totalling EGP1 bn in investments, to be launched in New Cairo shortly.

Also, Hamdy emphasized the real estate market’s capacity to attract further investments in the upcoming period, attributing stability in exchange rates and construction material prices to recent Egyptian government decisions.

For his part, Wael Adel, Executive Director of Rwabet Developments, highlighted Rwabet as a Saudi-Egyptian partnership dedicated to executing distinguished projects in the Egyptian market.

Adel emphasized collaboration with leading consultancy and engineering firms in project execution.