Samco Holding, a real estate development company, is preparing to launch its first projects in the Egyptian market, with investments of EGP 15 bn, Invest-Gate reports.

The location of the project is set to be announced soon, the company says in a statement.

Al-Sayed, Chairman of Samco Holding, notes that his company includes a group of major companies working in the fields of contracting, pharmaceutical and petrochemical industries, and energy, and the new company is the real estate arm of the group.

He adds that the company has a strong plan, as it aims to launch its first project in Egypt in the next few weeks, stressing that the first project will be followed by projects with larger investments in close periods.

For his part, Ibrahim Zayed, General Manager of Samco Holding, unveils that the company has a strong business precedent and experience that extends for many years and is a well-known name in the real estate market, as the contracting arm implemented more than 20 projects in cooperation with the Engineering Authority of the Armed Forces, in addition to implementing more than 50 projects with the private sector.

Zayed emphasizes that Samco Holding aims to expand with major real estate projects in the New Administrative Capital, The Fifth Settlement, and Sheikh Zayed City.