Successful economic policies in Egypt have led to record-high land prices in New Cairo. This is the result of the state's efforts and the efforts of all its institutions, including developments in infrastructure, road networks, and services, which has increased the market value of the land to one billion dollars. Within the framework of fruitful cooperation between Horizon Egypt for Urban Development and the Land Projects Authority, and in light of Horizon Egypt's commitment to supporting the state's efforts to achieve comprehensive urban development and enhance the investment climate in the Arab Republic of Egypt, the company announces the completion of procedures for purchasing the land plot of the 'Saida Compound' project in New Cairo, affiliated with the Land Projects Authority. This contract comes as a strategic step that reflects the level of trust and integration between the two parties, contributing to an increase in the marketing value of the area and enhancing its investment status, which supports the stability and growth of the land market and increases its attractiveness to investors. Horizon Egypt for Urban Development confirms that this contract represents a qualitative addition to its real estate investment portfolio and a reflection of its vision for implementing comprehensive developmental projects that align with the state's plans for urban expansion, and it contributes to maximizing economic returns and creating added value for the Egyptian real estate market. Horizon Egypt for Urban Development renews its commitment to continuing to invest in the Egyptian market and actively participating in implementing projects that achieve sustainable development and support the national economy. It is worth noting that Horizon Egypt for Urban Development was established in 2021 under the leadership of Sheikh Dr. Majid bin Saeed Al Nuaimi, Head of the Diwan of His Highness in the Emirate of Ajman and Chairman of the Board of Directors of the company, and it relies on an alliance of regional expertise and competencies that enable it to compete strongly in the Egyptian real estate development market.
