By: Abdullah Bedier

Cairo – Mubasher: Marseilia for Real Estate Investment is planning to execute EGP 20 billion in projects in Cairo and Alexandria within five years, a top official has said.

The Egyptian company has submitted a request to the Administrative Capital for Urban Development Company to acquire 100 feddans to build a residential project, but the request is still pending, Marseilia Group’s chairman Sherif Heliw told Mubasher on the sidelines of the company's sohour event.

Marseilia posted a 72% year-on-year decline in its net profit during the first quarter of 2018, recording EGP 1.03 million.

Translated by: Muhammad Khalid