QORE Enters the Egyptian Market with Meydan Mixed-Use Project in 6th of October City
QORE has entered the Egyptian real estate market with the Meydan mixed-use project in 6th of October City, as part of an investment plan reportedly reaching 30 billion EGP through 2030, highlighting the appeal of the Egyptian market to new developers.
QORE announced its entry into the Egyptian real estate market through the Meydan mixed-use project in 6th of October City, which combines residential, commercial, and entertainment units within an integrated master plan aimed at capturing growing demand in new urban corridors.
The company plans to inject reported investments of up to 30 billion Egyptian pounds into the market through 2030, reflecting regional developers' confidence in the recovery trajectory of the Egyptian real estate sector despite economic challenges.
6th of October City holds a strategic location west of Cairo, attracting increasing waves of residents and investments, particularly in light of infrastructure expansions and new road and axis projects that reduce travel time to the capital.
Competition is intensifying in this corridor as prominent developers from Egypt and the Gulf region launch diverse projects, enhancing supply and offering buyers broader options with varying specifications and pricing models.
The entry of a new developer like QORE into the Egyptian market reflects Egypt's ongoing investment attractiveness in the real estate sector, driven by its high population density and real housing demand that continues to exceed available supply in many areas.
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