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Egypt - Inversion for Projects Management aims at applying an expansion plan in the Egyptian market, including carrying out new projects across the different urban areas in the country, Managing Director and CEO of Inversion Mohamed Diab told Al Mal Newspaper.
This plan comes in line with the company’s expansion in the UAE, Diab said, pointing out that Inversion has been operating in Egypt for almost three years.
The company is currently working on 14 projects, located in Fifth Settlement, the New Administrative Capital, West Cairo, the North Coast, and Ras Sedr, he added, noting that these projects are owned by nine Egyptian companies, with sales of EGP 30 billion.
Inversion has been recently successful in sealing a contract with the UAE-based Al Qamzi Developments to implement two projects in Egypt, Diab said.
Furthermore, the company has already begun the construction works of a housing complex in New Cairo, which is expected to be launched in August 2022, with targeted sales of up to EGP 2 billion, he highlighted.
It is worth noting that Inversion has invested around EGP1.6 billion in the Egyptian market since 2018.
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