Jadeer Group announces its expansion plan in the Egyptian real estate sector in the next period, Invest-Gate reports.

The company seeks to launch a series of commercial and administrative projects, alongside a huge residential project.

The company’s recent project in the New Administrative Capital is a commercial and administrative building in the Downtown district, the Chairman of Jadeer Group, Mahmoud Abouelkhair, reveals.

The project’s sales value amounts to EGP 1.5 bn, Abouelkhair notes, adding that the project is expected to be sold entirely in 2023.

He says that the group has an investment portfolio of more than EGP 3.5 bn injected into 60 residential projects over 16 years.