Property developer Tabarak to invest 1.2 bln Egyptian pounds in projects this year

Egyptian property developer Tabarak Holding will be pumping 1.2 billion Egyptian pounds ($66.2 million) in investments into its different projects within 2017, chairman Ali El-Shorbany said Monday.

“Our plan includes attaining a growth rate nearing 40 percent, compared with what was achieved in 2016,” El-Shorbany further told Amwal Al Ghad.

Tabarak also targets delivering 1,500 units in its various real estate projects, El-Shorbany added.