Misr Italia Properties, a Cairo-based real estate developer owned by Egyptian businessmen Hany and Khaled El Assal, plans to invest EGP11 billion 227.3 million in Egypts real estate market in 2025. This investment will support the expansion of its flagship Solare project in Ras El Hekma, a growing destination on the North Coast.
The company has already invested EGP5 billion 103.3 million and will add another EGP6 billion 124 million in the coming months. We are allocating EGP 1.5 billion 31 million from our 2025 budget to Solare as part of a EGP30 billion 620 million long-term plan, Hany El Assal said. In just nine months of working with Redcon Construction, weve advanced construction on 723 units with direct sea views.
North Coast positioned as premium lifestyle and tourism hub