Saudi-Bahraini developer to pump $20 million into Egypt property market

Property developer Al MOBDEOON, part of Bahrain’s Al-Qaseer Investment and Properties Development, will pump $20 million into the Egyptian property market in the coming period.

Al MOBDEOON is a Saudi-Bahraini company, with investments mainly based in London as it markets its projects for the Arab community in the British capital, Al-Qaseer’s chairman Abdul Rahim Al-Qaseer said on Saturday.

Its investments amount to $50 million approximately across various markets worldwide, with plans to extend presence in the Egyptian market, he added.

“The company is taking part for the first time in one of the Egyptian real estate exhibitions to promote its London-based projects,” Al-Qaseer said.