Abraj Misr: investments in Egypt hit $788.2 million

Egyptian property developer Abraj Misr says total current investments in the country are worth around 7 billion Egyptian pounds ($788.2 million) amidst plans to partake in state national projects.

15 percent of the money are directed to Abraj’s flagship Florenta project, chairman Aly Rabie told Amwal Al Ghad on Wednesday.

Abraj is considering taking part in projects undertaken by the government in east Cairo, west of North Coast, and Ras El Hekma, having eye on entering into private-public partnerships in east Cairo projects in the coming period.