Head of Insurance Holding: We will not be burdened with the development of Cairo Khedive Real Estate
Basel Al-Heni, President of Holding Insurance, said that the process of developing historic real estate will be 140 real estate through a specialized company. Egypt Real Estate Asset Management will not be burdened with financial burdens, but will share the profits that will be achieved after the development. Seventh ", during the press conference today.
The company will receive technical support from the European Bank for Reconstruction, along with coordination with a French company that is also specialized in the process of development and environmental protection, adding that there are no real estate problems.
He said that the company seeks to increase the return on investment through studying the best means to do so in coordination with banks and the National Investment Bank through a joint committee of heads of investment sectors was formed.
He also stressed that the company will not depart from about 200 joint companies, but is considering to benefit from them optimally according to their financial shares.
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