Latest news with #EgyptianInvestors
Zawya
05-08-2025
- Business
- Zawya
Greca Eyes Egyptian Investors with €85mln portfolio & expansion plans
Cairo. Greca Real Estate Development is currently negotiating the acquisition of 8 new buildings comprising around 300 residential units, with total investments estimated at €35 million. In addition, the company owns approximately five land plots across various Greek regions, covering a combined area of nearly 4,000 square meters, which are slated for future development. The company has already begun collaborating with agencies and offices specializing in Egyptian outbound travel, aiming to showcase its projects to prospective buyers. According to CEO and founder Ahmed Abbassi, 80% of the company's sales to date have come from Egyptian clients—thanks in part to the Egyptian background of Greca's board, which boasts strong local market ties. The remaining clients are largely from Turkey or are Egyptian nationals residing in the UAE. Abbassi emphasized that Greca is not targeting the traditional real estate buyer in Egypt. Rather, the company is appealing to individuals seeking ease of movement and access across Europe. Greca's business model is designed to attract Egyptian investors aiming to unlock EU residency through the Greek property market. Looking ahead, the company plans to expand its presence in Egypt to attract a broader client base, especially those looking for permanent residency in Europe through Greek investment opportunities. Abbassi explained that under Greece's current legal framework, foreign buyers can qualify for permanent residency by investing €800,000 in new residential projects. However, if the purchased property involves a change of use—from commercial or administrative to residential—the minimum threshold drops significantly to €250,000. These legal changes, recently introduced by the Greek government, are aimed at easing pressure on new housing supply and curbing the surge in real estate prices. Greca specializes in acquiring strategically located buildings, redeveloping them, and offering them to clients seeking European residency. The company currently owns 15 buildings in Greece, with total investments of around €50 million covering both acquisition and redevelopment costs. The firm also announced its intention to open a Cairo office by Q4 of next year, aiming to streamline project marketing and enable direct client engagement, rather than relying solely on virtual meetings as it does now. Abbassi revealed Greca's plan to release 150 new residential units in Athens to the market this period.
Zawya
26-06-2025
- Business
- Zawya
Egypt: EGX shows positive performance on Wednesday
Arab Finance: The Egyptian Exchange (EGX) closed Wednesday's trading session on a positive note after the EGX30 index rose by 1.24% to 33,002.85 points. The Sharia-compliant index, EGX33 Shariah index, went up by 1.34% to 3,426.57 points. Both the EGX70 index and the EGX100 index ended the session higher by 2.10% at 9,811.41 points and by 1.96% at 13,344.47 points, respectively. The trading value hit EGP 5.439 billion through the exchange of 1.787 billion shares in 129,284 transactions, while the market cap reached EGP 2.339 trillion. Arab and foreign traders accounted for 6.6% and 3.42% of the trading transactions, respectively. The Egyptian investors took over 89.98%. Individuals controlled 77.31% of the total trading, while the institutions represented 22.68%. Egyptian and foreign investors were buyers with EGP 58.616 million and EGP 34.698 million, respectively. The Arab traders were sellers with EGP 93.314 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
17-06-2025
- Business
- Zawya
Egypt: EGX closes Monday's session with collective gains
Arab Finance: The Egyptian Exchange (EGX) showed a positive performance on Monday, with the EGX30 index rising by 0.08% to 3,1042.36 points. The Sharia-compliant index, EGX33 Shariah index, also increased by 0.44% to 3,243.19 points. Both the EGX70 index and the EGX100 index closed the session higher by 1.21% at 9,217.02 points and by 0.87% at 12,511.41 points, respectively. The turnover stood at EGP 3.647 billion through the trading of 833.129 million shares in 97,984 transactions, while the market cap amounted to EGP 2.212 trillion. Individuals took over 70.22% of the total trading, while the institutions accounted for 29.77%. The Egyptian investors controlled 86.49%, while foreign and Arab traders represented 9.34% and 4.17% of the trading transactions, respectively. The foreign investors were buyers with EGP 49.419 million. Arab and Egyptian traders were sellers with EGP 25.296 million and EGP 24.122 million, respectively. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
13-06-2025
- Business
- Zawya
EGX closes Thursday's session lower
Arab Finance: The Egyptian Exchange (EGX) ended Thursday's trading session in the red zone, with the EGX30 index rising by 1.29% to 32,511.68 points. Likewise, the Sharia-compliant index, EGX33 Shariah index, fell by 1.86% to 3,370.16 points. The EGX70 index and the EGX100 index closed the session lower by 2.63% at 9,605.19 points and by 2.31% at 13,070.09 points, respectively. The turnover hit EGP 5.700 billion through the trading of 1.890 billion shares in 127,348 transactions, while the market cap reached EGP 2.296 trillion. Individuals controlled 72.46% of the total trading, while the institutions equaled 27.53%. Arab and foreign traders accounted for 5.4% and 2.54% of the trading transactions, respectively, whereas Egyptian investors took over 92.06%. The Egyptian investors were sellers with EGP 63.108 million. Foreign and Arab traders were buyers with EGP 32.701 million and EGP 30.406 million, respectively. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
