Jadeer Group announced its intention to expand in the Egyptian real estate market during the coming period, through implementing a series of commercial and administrative projects. It is also studying the implementation of a huge residential project, a senior company official said.
Eng. Mahmoud Abu Al-Khair, Board Chairman of Jadeer Group, added that the Group aims to establish large projects that put it in the first place in the real estate market, and the Code New Capital project is a good example.
Located in the New Administrative Capital, the Code is a commercial and administrative building near the important road network and the largest residential areas, with sales value standing at LE1.5 billion. The sale process is scheduled to be completed in 2023, Eng Abu Al-Khair also said.
He noted that the Jadeer Group has four subsidiaries working under its umbrella and owns an investment portfolio exceeding LE3.5 billion.9
“The Jadeer Group’s owns an investment portfolio exceeding LE3. 5 billion formed during 16 years of hard work, during which it was able to implement 60 residential projects in New Cairo in the areas of Lotus, Beit Al Watan, New Narges, 6th of October City, Boulevard Axis, and the northern expansions. It also succeeded during such a period to form a client portfolio estimated at 500 clients, and to become one of the strongest real estate companies.
Established in 2006, the Jadeer Group is considered one of the largest real estate companies with a main aim of building real estate projects in Egypt and the Arab world. It has also achieved over the past few years many projects and successes.