Cairo – The Executive Director of the Egyptian General Authority for Investment and Free Zones (GAFI), Mohamed Abdul Wahab, met with authorities of major UAE organizations to investigate methods for participation in investment.
Saleh Mohammed Bin Nasra, Owner of Diamond Group, said that the UAE-based organization intends to move its involvement with real estate advancement to a few provincial and worldwide business sectors, as per an assertion on Tuesday.
The organization picked Egypt as its first destination because of the promising investment openings on the lookout and the improvement of the investment climate.
Abdel Rahman Agamy, CEO of Diamond Group and Sky Abu Dhabi Real Estate Development, said that the organization has effectively made steps in its arrangement to infuse EGP 15 billion into Egypt for more than two years.
Since its entrance into the Egyptian market in February 2021, the organization has dispatched its first project in the New Administrative Capital with speculation of EGP 4 billion.
Sky Abu Dhabi Real Estate Development is an auxiliary of Diamond Group which has a diverse portfolio of more than 17 projects in the UAE.