United for Housing plans to develop $125mln project in Alexandria

Reuters/REUTERS

The development scheme is estimated to cost around EGP 5.94 billion

Staff Writer, Arab Finance

December 25, 2025

PHOTO

The board members of United Company for Housing and Development approved developing a commercial and housing project in Alexandria, according to a bourse filing.

The development scheme is estimated to cost around EGP 5.94 billion.

The project spans an area of 51,500 square meters, with a total built-up area of 286,000 square meters.

At the end of June 2025, the company’s consolidated net profits hiked by 167.18% year-on-year (YoY) to EGP 137.521 million from EGP 51.470 million.

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