Kuwait’s Amwal Real Estate to inject EGP2bln investments in Egypt

Kuwait-based Amwal Real Estate Co., a subsidiary of Eskan Global, plans to pump 2 billion Egyptian pounds ($252.5 million) in Egyptian real estate projects during 2016, its chairperson Fatima Al Sabah said Sunday.

Egypt is considered as one of the promising markets targeted by Eskan Global to invest in, especially after the recent major economic reforms adopted by the  Egyptian government, added the chairperson.

Moreover, Eskan Global intends to hold Al Nokhba (Elite) Real Estate Exhibition in Egypt next July, with the participation of local and foreign real estate and investment companies, said Mahmoud Afify, Eskan Egypt’s chairman.