Rayat Real Estate has announced the launch of its first project in Egypt, “Malaz Residence,” in 6th of October City, with investments exceeding EGP 20bn. The project is being developed through Rayat’s acquisition of the fifth and sixth phases of the Garden Hills development on a 42-feddan area.The project is backed by a strong investment alliance that includes the UAE-based Rashid Al Jabri Group, Dr. Diaa El-Din Ibrahim, prominent Egyptian and Arab investors, and Rayat itself, Invest-Gate reports.