Arabia Real Estate Investment targets up to EGP 20B in sales in 2024

Updated 8/6/2024 2:53:00 PM
Arabia Real Estate Investment targets up to EGP 20B in sales in 2024

Arab Finance: Arabia for Real Estate Investment and Tourism is targeting achieving EGP 15 to EGP 20 billion in sales this year, Chairman Tarek Shoukry told Asharq Business.

Shoukry noted that the group invests around EGP 4 billion annually in ongoing projects in the sectors of real estate, tourism, education, and health.

He added that a new mega project to build residential towers in the new administrative capital will be announced within a month.

The group’s primary goal is to expand in Egypt, Shoukry said, adding that they are considering accessing the Saudi and other markets. 

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