Saudi Drwazah to invest $611.2 mln in Egyptian flagships

Saudi Arabia’s real estate company Drwazah plans to pump 10 billion Egyptian pounds ($611.2 million) investments into various projects in Egypt, its chairman said on Wednesday.

The sum will be invested through the company’s new branch, which has recently been launched in the Egyptian market, Haytham al-Awza added.

Drwazah’s strategy focuses on implementing a number of housing and touristic flagships in the real estate Egyptian market, al-Awza said.