Real estate companies expanded their investments in the real estate market during the year 2023, explaining that the real estate market has proven its ability to face all challenges, in addition to increasing the value of the assets owned by companies, said Dr. Abdel Hamid Al-Wazir, Chairman of the Board of Directors of Arabisk Real Estate Development Company and Chairman of the Support and Follow-up Committee of the New Cairo and Administrative Capital Developers Association.
He added that there are many large companies that have resorted to partnerships with other companies to form large entities, and thus further expand their investments during the coming period, explaining that real estate companies have many investment opportunities in the real estate market that create large entities capable of expanding during the coming period.
He continued: The real estate market witnessed a boom during the current year, after the state launched many major national projects, such as the agricultural reclamation project in the Delta, and the move towards the governorates of Upper Egypt to increase the proportion of investments in the new cities of Upper Egypt, in addition to the investment opportunities that exist in new cities such as New capital, New Alamein, New Mansoura, and new cities on the northern coast.
Al-Wazir expected that as companies expand their investments, the real estate market will witness more prosperity during the coming period, noting that the company has obtained many investment opportunities in some new cities, and the company aims to announce them during the coming period, noting that the real estate market has many Attractive investment opportunities for developers.
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