Thursday 21 Nov
The Egyptian real estate market is gearing up to welcome a new investment fund specializing in administrative and commercial activities. This fund will be established by a large alliance comprising several banks and financial institutions, according to Ahmed Abdullah, Vice President of Redcon Properties.
Abdullah explained that the fund
will prioritize stimulating investment in administrative and commercial
ventures, aiming to generate steady returns for participating companies and
enable them to expand their operations. He highlighted the fund's strategic
focus on attracting a significant number of foreign investors to these types of
projects.
Abdullah announced that the fund would be established by a consortium of prominent companies, including Redcon Properties and Baraka Capital, the investment arm of Baraka Bank. With an initial capital exceeding one billion Egyptian pounds, this real estate investment fund aims to attract major investors from the region and beyond.
