Misr Italia Properties continues its expansion plan by acquiring a new 400 acres land

Misr Italia Properties continues its expansion plan by acquiring a new 400 acres land

In line with the government’s vision, including the development of the western part of the North Coast, Misr Italia Properties announced the acquisition of a 400-acre piece of land located in Ras Al Hikma at km 199 Alex-Matrouh Road. As part of Misr Italia Properties plan to expand across Egypt, this milestone brings the company’s total land bank to a total of 7.1 million m2.

“Misr Italia Properties is keen on expanding its portfolio by embarking on the development of new innovative and high-quality projects. We are also determined to be present within the market’s most distinguished and high-demand areas with the aim of reaching targeted customers and accordingly, the company is set to launch its new 400-acres North Coast project soon, leveraging our experience of more than 20 years in the Egyptian real estate market.” said Mohamed Hany El-Assal, CEO and Managing Director of Misr Italia Properties.

He further explained, “We pursue partnerships with leading international design and consultancy offices with the aim of introducing a homogenous and cohesive project that puts sustainability and smart solutions at the top of its agenda, while making optimum use of the area’s potential and natural assets.”

From his side, Mohamed Khaled El Assal, CEO and