NBE, Al Ahli Sabbour launch JV to boost real estate investments

Updated 4/1/2024 9:37:00 AM
NBE, Al Ahli Sabbour launch JV to boost real estate investments

Arab Finance: The National Bank of Egypt (NBE) and Al Ahli Sabbour have officially launched a joint venture (JV), dubbed Mint Real Estate Assets, to develop and maximize the value of real estate investments and assets in Egypt, as per an emailed press release.

Mint will be in charge of fostering real estate practices in Egypt as well as meeting the local market’s needs over two phases.

The first phase focuses on developing a portfolio of residential and commercial projects, while the second one targets an expansion into diverse real estate assets.

“This initiative is a key element of Al Ahli Sabbour's market expansion strategy, marking a significant transformation in Egypt's real estate investment landscape,” Chairman of Al Ahli Sabbour Ahmed Sabbour commented.

“Our goal is to cultivate a varied investment portfolio that not only meets current market demands but also sets new benchmarks for professional practice in the industry,” Mint’s CEO Alia El Nagdi elaborated.

 

 

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