The Saudi Egyptian Construction Company (SECON): Real estate investments in Egypt
“Both our real estate and our tourism investments are very important for us. Egypt is an excellent location for both areas of investment.”
List of all articles filed under “africa-reports” category.
“Both our real estate and our tourism investments are very important for us. Egypt is an excellent location for both areas of investment.”
“The highest demand for the next five years will be for middle-income apartments. In previous years, there was a lot of demand for luxury apartments and there were not enough apartments available for the middle to low income population. I think that this will occur in Cairo particularly and I am also expecting to see growth in southern Egypt,” noted Eng. Darwish Ahmed Hassanin, CEO of Saudi Egyptian Construction Company (SECON).
“Real estate investment represents a very important part of Egypt’s economic growth and we expect good growth for real estate for the following six months,” stated Eng. Darwish Ahmed Hassanin, CEO of Saudi Egyptian Construction Company (SECON).
Egypt’s agriculture is composed mainly of two segments: the larger agribusiness operations growing produce on a large scale and the smaller traditional family farms that account for 80% of the cultivated land in the country.
Nongolougo Soro, CEO of SNDI (Société Nationale de Développement Informatique), talks about the missions SNDI has been given by the government of Côte d’Ivoire, since its creation in 1999.
Kadi Fadika-Coulibaly, CEO of Hudson, an independant securities firm founded in 1995, gives an overview of the market in Côte d’Ivoire and presents the company.
Founded by Moustapha Khalil in 1972, Eurofind is present in diverse markets and activities such as steel, PVC, food products and beverages. The group is present in 8 countries in Europe and Asia, and in 7 countries in Africa, including Côte d’Ivoire.
The main capital of SECON was recently increased by 243 million US dollars and an agreement was signed between the representatives of the two governments in the presence of the Egyptian Prime Minister Eng. Ibrahim Mahlab.
The Egyptian government is now focusing on small scale industries as a mean of economic and social development. The country’s private sector is dominated by a plethora of small businesses such as farmers, furniture makers or restaurant-owners.
“Our target is to finish this project over the next five years. It will cover a total of about 25,000 acres, growing mostly wheat, corn, alfalfa and barley and a little bit more table grapes and dates,” reveals Daniel Leroux, CEO of KADCO Egypt.