Marseilia Group to invest EGP 20 bn in Egypt projects over five years

 Real estate developer Marseilia Group is planning to invest EGP 20 bn in projects across Cairo, Alexandria and the North Coast over the next five years, Chairman Sherif Heliw tells Mubasher. The company had submitted a request to the New Administrative Capital Company for Urban Development (NACCUD) to acquire 100 feddans for a residential project, but the request is still pending approval, he adds.