Arab Finance: Arab Developers Holding (ARAB) is planning to make investments worth around EGP 1.5 billion during 2022 to accelerate the construction and delivery process, according to a press release on August 2nd.
The Egyptian real estate developer is targeting revenues ranging between EGP 3.6 billion and EGP 4.1 billion for the next two years.
Additionally, the company is intending to generate around EGP 2.8 billion in sales from all projects.
Since the beginning of 2022, Arab Developers has raised the prices by an average rate of 10%.
Established in 2015, Arab Developers is a leading real estate developer in Egypt that has a diversified business portfolio.