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Monday, 16 September 2019

SECON to invest EGP 5 bn in Egypt’s real estate over coming 3 years

The Saudi Egyptian Company for Development (SECON), formerly known as the Saudi Egyptian Construction Company, aims to expand its investment in Egypt’s real estate market to EGP 9 bn within three years, up from EGP 4 bn currently, CEO Mohamed El-Taher told Al Shorouk. The company, which aims to become one of the top five players in the market over the coming three years, is in talks with the New Urban Communities Authority for 200 feddans in Sheikh Zayed or New Cairo for projects, El-Taher said without elaborating further.

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