The agreements come as part of AE Media's expansion plan to attract more clients and acquire a larger number of real estate companies during the coming period.
It is worth noting that the New Administrative Capital is located 45 km east of Cairo. The project is being built in several phases.
Dubai is expected to attract a large share of the citizenship market through global investment, with this market expected to grow five-fold to $100 bn by 2025.
The decisions also aim to preserve the goals of the Kingdom's Vision 2030, which aims to raise home ownership rates for Saudis to 70% by 2030.
Dawood notes that the company has started receiving reservations from customers for the new project, and marketing will begin officially immediately after Eid Al-Fitr.
Mahmoud Al-Mansi, Chairman of Unified Development, notes that the Egyptian real estate market is very attractive to many Egyptian investors whether in Egypt or abroad.
Zohny adds that Rfco Group is always keen on employing its capabilities to accomplish its social roles.
The agreement entails Stryx Sports managing Makadi Heights' sports facilities, such as the football, tennis, padel courts, and swimming pools.
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