Elattal noted that the plan includes launching the company’s
second project in Saudi Arabia, specifically in Riyadh, next November. The
project will comprise 500 residential units. He added that the first project in
the Kingdom was announced in cooperation with the National Housing Company
(NHC) and involves building 800 to 1,200 residential units within a housing
compound in northern Riyadh.
As for the second project, it is expected to be in Oman in
partnership with a fund that owns five banks in the country. However, contracts
have not yet been signed, and details will be announced once finalized.
He revealed that the company has so far invested an
estimated EGP 6–9 billion in construction, with expectations to reach EGP 10
billion by the end of the year, compared to EGP 4 billion in 2024.