Strategic Land Purchase Supports Egypt’s Urban Development and Investment Climate
Horizon Egypt for Urban Development has completed the acquisition of a plot of land for its “Saada New Cairo Compound” project, part of the Land Projects Authority initiatives. The move underscores the fruitful collaboration between the two entities and aligns with the government’s efforts to promote comprehensive urban development and enhance the investment climate in Egypt.
The acquisition comes amid record-high land prices in New Cairo, driven by the country’s successful economic policies and major advancements in infrastructure, road networks, utilities, and services. These developments have increased the market value of land, with some projects reaching valuations close to USD 1 billion.
Horizon Egypt emphasized that this strategic acquisition reflects mutual trust and synergy with the Land Projects Authority, boosting the area’s investment appeal and supporting a stable real estate market. The company highlighted that the purchase adds significant value to its real estate portfolio and aligns with its vision to develop integrated urban projects that maximize economic returns and create tangible value in the Egyptian property market.
Founded in 2021 under the leadership of Sheikh Dr. Majid bin Saeed Al Nuaimi, Chairman of the company and Head of the Amiri Diwan in Ajman, Horizon Egypt relies on a regional expertise alliance, positioning it as a strong competitor in Egypt’s real estate development sector.