Adeer International to invest $400mln in Egyptian real estate market over 5 years

Getty Images

Additionally, Adeer International is looking forward to acquiring 50% of Melee Development via a capital increase

Staff Writer, Arab Finance

July 8, 2024

PHOTO

Saudi Arabia-based Adeer International is planning to invest $400 million in the Egyptian real estate market within five years, in partnership with Hassan Allam Properties (HAP) and Melee Development, Adeer International’s CEO Bassel El-Serafy told Asharq Business.

Additionally, Adeer International is looking forward to acquiring 50% of Melee Development via a capital increase, El-Serafy pointed out.

The Saudi firm is also in talks with three Egyptian real estate developers to implement new projects in the kingdom, he added.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO