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2 clusters · 4 sources · 18 days · First seen · Last updated

Arclyn Developments entry into Egyptian real estate

Overview

Arclyn Developments, an Egyptian-Emirati partnership, launched in the Egyptian real estate market with a target investment portfolio of approximately 20 billion Egyptian pounds. The company’s initial strategy focuses on developing projects within the New Administrative Capital, utilizing Emirati expertise in contracting and project management alongside local market knowledge.

Following its launch, the company progressed with its “Metrova” project in the MU23 district of the New Administrative Capital. Arclyn Developments reported paying 86% of the land value for this mixed-use development through self-financing. The Metrova project is intended to integrate commercial, administrative, medical, and hotel activities.

Entities

New Administrative Capital · Arclyn Developments · Yasser El Berens · Egypt · Sheikh Omar Al Marzouqi

Timeline

  1. [BUSINESS] 2 sources
    Arclyn Developments pays 86% of land value for Metrova project

    Arclyn Developments has self-financed 86% of the land cost for its Metrova mixed-use project in Egypt's New Administrative Capital.

  2. [BUSINESS] 3 sources
    Arclyn Developments launches in Egypt with 20 billion EGP target

    Arclyn Developments has launched in Egypt via an Egyptian-Emirati partnership, targeting a 20 billion EGP investment portfolio with initial projects in the New Administrative Capital.

Sources

alaqaratalyoum.com · aqaraknews.com · aqarlight.com · dailynewsegypt.com