By: Abdullah Bedier

Cairo – Mubasher: Marseilia for Real Estate Investment is looking to generate EGP 10 billion in sales from Nasr City project anticipated to be executed in partnership with Dubai’s state-run Amlak Finance, the Egypt-based group’s chairman said.

The Egyptian property developer has been involved in many negotiations regarding the projects, Sherif Heliw told reporters on the sidelines of a conference held by the group on Monday.

In January, Marseilia Group signed a memorandum of understanding (MoU) with the UAE’s Amlak Finance, under the supervision of National Bank of Egypt (NBE), to develop an integrated urban project in Nasr City.

Translated by: Mai Ezz El-Din