Egyptian real estate company Edmag Misr is set to provide EGP 205 mn in investments for projects in Matrouh and the North Coast next year, according to Mahmoud Zayed, the company’s CEO.
The Ministry of Housing, Utilities, and Urban Communities plans to offer land plots soon under the public-private partnership system, according to Khaled Abbas, Assistant to the Minister of Housing for Technical Affairs.
Abraj Misr has announced that total investments in Egypt are currently worth EGP 7 billion ($788.2 million), with plans to take over the development of government-owned projects.
PACT Real Estate Group, an Egypt-based property developer, plans to promote 125 new units by the end of 2016, said Moaaz Wessam, PACT Managing Director.
PACT Real Estate Group, an Egypt-based real estate firm, signed a contract with Cisco, an international IT company, to provide technological equipment and infrastructure for the White Bay project in the North Coast.