Adeer International, Hassan Allam Properties to build mixed-use project in East Cairo

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Initial investments ranging between $100 to $150mln

Staff Writer, Arab Finance

July 9, 2024

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Arab Finance: The real estate solutions provider Adeer International has signed an agreement with Hassan Allam Properties (HAP) to develop the first mixed-use residential, commercial, and administrative project in East Cairo, with initial investments ranging between $100 to $150 million, Hapi Journal reported.

On a related note, Adeer Holding is currently developing three clubs in Saudi Arabia, in partnership with Egypt’s Melee Development, with investments of SAR 1 billion, Adeer International’s CEO Bassel El-Serafy told Asharq Business.

The clubs are set to be established on 50 to 80 feddans in Riyadh, Jeddah, and Al Khobar.

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