Delta Capital and EGRI Plan $500 million Egypt Projects

Dubai (PlantAndEquipment.com) - In order to create a portfolio of mixed-use projects in Egypt worth around $500 million, Delta Capital for Urban Development has teamed up with Emirates Global Real Estate Investment (EGRI), a division of NCE Group.

A 500-acre land bank will be developed in a number of areas, including Cairo, Kafr El-Sheikh, and El Mahalla El Kubra, according to the deal.

The projects will target growing locations outside of Egypt's conventional metropolitan centers and will feature residential, commercial, and service components.

YBA Architects has been chosen as general consultant, and construction is anticipated to start in 2027.

According to officials, the cooperation intends to promote Egypt's economic growth and urban expansion by taking advantage of the need for integrated projects in developing areas.

EGRI is part of the global portfolio of NCE Group, which includes engineering, facilities management, and security services.