Investment plan

BROUQ Developments unveils its investment plan for the Egyptian market

  • We aim to launch 10 new projects with investments worth more than EGP 10 billion within 5 years, says Ibrahim El-Sayed
  • We work to transfer our know-how abroad and to offer prestigious real estate projects to international standards
  • Our portfolio of overseas activities exceeds 100 projects with an investment cost of $5 billion
  • The New Capital, the North Coast and New Cairo are our main priorities

BROUQ Developments, one of the largest real estate companies, has announced its intention to expand in the Egyptian market and launch a new package of real estate projects in the next 5 years, in support of the urban development plans of the State.

Ibrahim El-Sayed Ibrahim, Managing Director and CEO of BROUQ Developments, said the company has great confidence in the Egyptian market, which is considered the best market in the Middle East and benefits from very competitive investment opportunities and promise, in addition to stable economic, political and security conditions in Egypt, making it the best investment destination in the years to come.

Ibrahim added that the company plans to be one of the largest property development companies in Egypt. Accordingly, BROUQ has prepared an ambitious plan to expand investments in the Egyptian market to take advantage of available opportunities as well as support the state’s urban development plans, and transfer its expertise from overseas work to the local market to improve the quality of the Egyptian real estate sector. , and launch distinguished projects to international standards.

He clarified that the company aims to launch more than 10 new projects in the next five years, with a total investment of more than EGP 10 billion, whether in New Administrative Capital, New Cairo, North Coast and Ain Sokhna. Additionally, the company is exploring a range of investment opportunities in the Upper Egypt and Delta regions.

The company was born out of an alliance and cooperation between three of the largest companies operating in the Arab Gulf region, namely Qhsp, a Qatari company, Alfada, an Emirati company, and NBS HOLDINGS. Moreover, the alliance has a long track record in the real estate industry of almost 30 years, during which it has developed around 100 landmark projects ranging from residential, commercial, recreational and tower blocks, in the United Arab Emirates, Oman , Qatar, Morocco and London, with investments amounting to $5 billion with a total area of ​​around 1,000 acres, according to Ibrahim.

He explained that the alliance recently launched a new project in Morocco of more than 560 acres for housing, entertainment, tourism and education properties. It is an integrated project with an investment cost of 4 billion euros.

He pointed out that the company launched its first investments in the Egyptian market in 2018 and has an investment portfolio worth around EGP 2 billion, which includes the Spark Capital Insight project. Extending over 8,000 m², the project includes commercial, administrative and medical units in the most distinguished areas of the New Capital in the MU23 area and overlooking the green river and the intersection of the Al Aml axis. In addition, the Spark Capital Insight project was designed at the highest level and professional success partners with great experience and efficiency in the market were used to launch a high-quality real estate product.

In addition, the Company’s investment portfolio also includes a new project in New Cairo, which is a residential and commercial development on an area of ​​19.3 acres, in a prime location close to the American University, a- he concluded.