BROUQ Developments, one of the largest real estate companies, announced its plan to expand in Egyptian market, and launch a new package of real estate projects in the coming 5 years, in support of the state’s plans for urban development.
Ibrahim El-Sayed Ibrahim, Managing Director and CEO of BROUQ Developments said that the company has great confidence in the Egyptian market, which is considered the best market in the Middle East and enjoys very competitive and promising investment opportunities, in addition to the stability of economic, political and security conditions in Egypt, making it the best investment destination in the coming years.
Ibrahim added that the company plans to be one of the most important real estate development companies in Egypt.
Accordingly, BROUQ has prepared an ambitious plan to expand investment in Egyptian market to take advantage of available opportunities as well as support the state’s plans for urban development, and to transfer its expertise from working abroad to local market to raise quality of Egyptian real estate sector, and launching distinguished projects with international standards.
He elaborated that the company aims to launch more than 10 new projects in the coming five years, with a total investment worth more than EGP 10bn, whether in New Administrative Capital, New Cairo, North Coast and Ain Sokhna. Additionally, the company is studying a package of investment opportunities in Upper Egypt and Delta regions.
He explained that the alliance recently launched a new project in Morocco over 560 acres for housing, entertainment, tourism and education properties. It is an integrated project with an investment cost of €4bn.
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