Egyptian Emirates Company Launches Markabat Project

The Egyptian Emirates Company, one of the leading development firms, has announced the launch of Markabat project, the first integrated industrial city for automotive feeder industries, with joint Egyptian-Emirati investments. This initiative is part of Egypt’s urban and industrial development plans, with total investments reaching EGP 27bn.

Chief Commercial Officer at the Egyptian Emirates Company Alaa Ali emphasized that the company boasts over 20 years of experience in the Egyptian, Emirati, and Chinese markets. The company aims to expand and increase investments in the Egyptian market.

He further explained that the project represents the first integrated industrial city for automotive industries in the Middle East, with the initial phase covering an area of 140,000 sqm and investments totaling EGP 2bn. The project’s total area is expected to reach EGP 3bn sqm over three years, incorporating diverse activities in the food and engineering industries.

The Egyptian Emirates Company expressed strong confidence in the Egyptian economy and its promising investment opportunities amidst the unprecedented urban renaissance achieved in recent years. They highlighted that the Markabat project aligns with the state’s plans to support national industries.