Abu Dhabi – Mubasher: Jordan Masaken for Land and Industrial Development Projects is set to acquire a real estate company in Egypt, as part of a plan to expand operations in low-income housing units, announced Chairman Hasan Ismaik.
The top official also revealed that his company has an expansion plan that includes the UAE, Saudi Arabia and Egypt, in addition to boosting its footprint in Jordan.
Masaken will focus over the coming period on projects for low-income brackets in Jordan, in addition to GCC and Egypt, as well as in other African countries, given the strong demand for such projects, according to Ismaik.
He called for merging companies operating in the same sector, in order to form bigger entities with strong solvency that helps lure more investments.
