The Arabia Group, a leading Egyptian investment firm, has recently announced its acquisition of a majority stake in Sun Capital, a large-scale residential and commercial real estate development project located in 6th of October City, Egypt.
Sun Capital is a compound that spans over 557 acres, offering a range of residential units, commercial spaces, and recreational facilities. The project is strategically located in the heart of 6th of October City, a fast-growing suburb of Cairo that has become a hub for real estate development in recent years.
The acquisition of Sun Capital by the Arabia Group is a significant move that reflects the company's commitment to investing in Egypt's real estate sector. The project is expected to generate substantial returns for the group, as it is already attracting a large number of buyers and investors.
According to the Arabia Group's CEO, Ahmed El Hitamy, the acquisition of Sun Capital is part of the company's long-term strategy to expand its real estate portfolio and capitalize on the growing demand for high-quality residential and commercial properties in Egypt.
"We are excited to add Sun Capital to our portfolio of real estate investments in Egypt," said El Hitamy. "This project is a testament to our commitment to investing in the country's real estate sector and supporting its