Total investments of Tatweer Misr nonresidential projects at EGP 10bn

Egyptian real estate developer Tatweer Misr’s investments in under-construction nonresidential projects totalled 10 billion Egyptian pounds ($601.4 million), said managing director on Sunday.

These projects will be implemented within the coming ten years, including hotel, commercial, and educational parts, Ahmed Shalaby told Amwal Al Ghad.

“Our five-year strategy includes operating nonresidential projects and tapping new investments in the local market, besides other investment opportunities in Arab, African, and European countries,” Shalaby said.

Moreover, Tatweer Misr seeks to get a new land plot in the extension of Sheikh Zayed City, at the outskirts of Cairo, and another land in North Coast resort as part of the company’s plan to differ its next investment portfolio, he added.