Real estate developer Al Hefda Egypt Kuwait is investing EGP 1 bn into projects this year, Chairman Al Hussein Mohamed Eissa told Al Borsa. The company will apply for land plots in the first phase of the Administrative Capital, he added. Al Hefda recently partnered with Kuwaiti investors to build a residential project in Haram with an investment value of EGP 400 mn, he added, and has a similar project in Sixth of October.

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