Winvestor Real Estate Investment and Development Company, an affiliated company of Saudi Al-Munawir LTD. Comp., in partnership with IMS for Development and Projects Management, is to launch a number of projects in the Egyptian real estate market as part of its expansion plan in North African countries, Invest-Gate reports.

Youssef bin Suleiman bin Mohammed al-Harbi, chairman of Winvestor Investment, says, “The company is to invest in the real estate sector due to the current strong investment climate in Egypt.”

He explains that the company aims to expand its portfolio of projects in the coming period in east and west Cairo, especially in NAC, due to its huge investment components of this project in addition to the government support, which provides all mechanisms to make it successful.

From his part, Hisham Ibrahim, managing director of Winvestor Investment, says that the company considers NAC for its first investments by launching a different real estate project in terms of product, construction, and modern systems.

Ibrahim also explains that the company has developed an investment plan commensurate with its strategy in the real estate market during the coming period and aims to expand with a package of new projects and attract investment opportunities in 4G cities such as NAC, New Cairo, New Alamein, Galala City and Ain Sokhna.

Moreover, the company’s orientation to NAC is a direct result of believing in the strength of this national project, which is expected to attract more GCC investments and pump more foreign capital.