Real estate developer Tatweer Misr eying Saudi and Libyan markets

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CAIRO: Egyptian-based real estate company Tatweer Misr is planning to enter the Saudi and Libyan markets within the next two years, CEO Ahmed Shalaby said in an interview with Asharq.

Shalaby added that Tatweer is still incurring losses and will not turn profitable before three to four years.

“We hope to start working in Saudi Arabia by 2023 — the Kingdom is a priority for us –in addition to the studies we are now carrying out to enter the Libyan market.” Shalaby said during the interview.