The UAE’s Al Qamzi Developments plans to inject EGP 14 billion worth of investments in the Egyptian market over a period of four years.
The property developer will launch two projects in New Cairo and North Coast as part of its expansion strategy in the Egyptian market and obtain a land plot in the New Administrative Capital, the company’s Chairman, Abdulla Al Qamzi, said in a statement on Thursday.
The company plans to pump more investments and implement expansions in east Cairo over the coming four years and turn to west Cairo afterwards, the CEO, Yasser Zedan, revealed.
The company started construction of a new project in New Cairo over an area of 26 feddans and aims to develop another project spanning over 204 feddans in the North Coast’s Dabbah.
In 2010, Al Qamzi Developments decided to expand abroad and chose the Egyptian market due to its promising opportunities.
