AlQamzi Developments to inject EGP14bn investments in Egypt
AlQamzi Developments has unveiled its strategic expansion plan in the Egyptian market, saying that it will inject investments worth EGP14bn in the span of four years.
Yasser Zidan the Egyptian partner and executive chairman of AlQamzi Developments said:
“The company has already started the implementation of its expansion strategy in the Egyptian market. It is set to launch two projects in New Cairo and North Coast, AlQamzi Developments eyes more investments and expansions in East Cairo, North Cairo and West Cairo in the next four years, as all these locations have a comprehensive expansion plan to carry out nationwide.”
The company has also announced the launch of SeaZen, a project spanning over 204 acres in the North Coast near Al-Dabaa City with a beach that is 690 metres overlooking the Mediterranean Sea, the construction on the project will begin in October with the first phase planned to be completed in 2025.
SeaZen is scheduled to be implemented over two phases, lasting about four years. The project will provide more than 4,000 direct and indirect working opportunities.
Yasser Zidan also revealed that the company has contracted DMA to carry out the construction works and engineering designs of the project.
Details regarding legal teams to be shared once available.