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Tuesday, 10 November 2020

Al Futtaim Real Estate to invest EGP 5.5 bn in real estate developments in 2021

INVESTMENT WATCH- Al Futtaim Real Estate will invest EGP 5.5 bn in real estate developments in 2021, Managing Director Ashraf Ezz El Din said during a presser yesterday, according to Al Mal. The company is also eyeing developing 1 mn sqm of land in East Cairo, he said, without disclosing what it will use the land for. Al Futtaim is currently undertaking the EGP 1.5 bn expansion of Cairo Festival City Mall, which is expected to be completed within two years.

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