BROUQ DEVELOPMENTS unveils its investment plan in the Egyptian market
Aya Hussain
Eng. Ibrahim El-Sayed: We aim to launch 10 new projects with investments exceeding 10 one billion pounds within 5 years
We are working on transferring our expertise abroad and launching distinguished real estate projects with international specifications
Our work history abroad exceeds
a project with an investment cost of $5 billion
*)Egypt is the best real estate market in the region and enjoys promising investment opportunities
The Administrative Capital, the North Coast and New Cairo are our top priorities
Brooq Real Estate Development Company, BROUQ DEVELOPMENTS, one of the largest companies revealed Real Estate announced its plan to expand in the Egyptian market, and launch a new package of real estate projects during the next 5 years, in support of the state’s plans for development and urban development. 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 the 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, and has prepared an ambitious plan to expand investment in the Egyptian market to take advantage of the available opportunities and support the state’s plans for urban development, and to transfer our experiences from working abroad to the local market to contribute to raising the level of the Egyptian real estate sector, and launching Distinguished real estate projects with international specifications.
He stressed that the company aims to launch more than 10 new projects during the next five years with a total investment of more than 10 One billion pounds, whether in the new administrative capital, New Cairo, the North Coast and Ain Sukhna, and a number of investment opportunities are being studied in the regions in Upper Egypt and the Delta.
The CEO of Brooq Real Estate Development Company indicated , that the company is the result of an alliance and cooperation between 3 of the largest companies operating in the Arabian Gulf region, namely, Qhsp, a Qatari company, Alfada, an Emirati company, and NBS Holdings. The alliance has a long experience in the field of real estate development close to 30 years, during which it has developed about 100 a distinguished project that varies between residential, commercial and Entertainment and towers, in the Emirates, Oman, Qatar, Morocco and London, with investments amounting to 5 billion dollars with a total area of about 1000 acres.
He explained that the alliance recently launched a new project in Morocco on an area 560 An acre residential, recreational, tourist and educational acre, which is an integrated project with an investment cost of 4 billion euros.
He stressed that the company launched its first investments in the Egyptian market within a year 2018 And it owns an investment portfolio of about 2 billion pounds, which includes the spark capital insight, a “medical commercial commercial” project, in the most distinguished areas of the new administrative capital in MU 23 on an area of 8 thousand meters and overlooking the Green River And the intersection of the axis of hope, and the project was designed at the highest level, and the use of distinguished success partners with great experience and efficiency in the market to launch a high-quality real estate product. On an area of 19. 3 acres in a prime location near the American University.
