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Arclyn Developments launches in Egypt with 20 billion EGP target
Arclyn Developments has officially entered the Egyptian real estate market through a partnership between Egyptian and Emirati investors. The company aims to build an investment portfolio valued at approximately 20 billion Egyptian pounds.
The initial strategy focuses on executing three projects within the New Administrative Capital, with plans to expand into other areas of East and West Cairo. The partnership seeks to combine Emirati expertise in contracting, project management, and execution with local Egyptian market knowledge.
The company's leadership includes Emirati partner and board member Sheikh Omar Al Marzouqi and Egyptian Chairman Yasser El Berens. Al Marzouqi noted that the establishment of the company reflects Emirati confidence in the Egyptian market's growth potential and urban expansion. El Berens emphasized that the company aims to develop high-value real estate products by leveraging accumulated technical and investment expertise.
Entities
Arclyn Developments · New Administrative Capital · Sheikh Omar Al Marzouqi · Yasser El Berens