The newly merged company has plans to enter the Egyptian real estate market through the acquisition of Infinity, which owns commercial projects in the New Administrative Capital. “DIG” chairman Hussein Salah said that the company plans to launch two major commercial projects in the New Administrative Capital by the end of 2022. Infinity is a company with several billion pounds in assets and plans to invest 1.5 billion pounds in its projects.
DIG acquires Infinity
DIG has just acquired Infinity, a company that is in the business of acquiring and invading real estate markets with massive projects. Its plans are impressive, but the company has a few concerns that must be addressed before it can become a successful real estate firm. First, let us take a look at its history. It was founded in 2001 and has made a great number of successful investments.
DIG is a leading Bitcoin technology provider and developer, which provides investment solutions for the digital currency. It has raised $100 million in growth capital and recently added MassMutual as a strategic partner. The company also plans to announce two commercial projects in the New Administrative Capital within the next two years. Its new strategy is set to be more aggressive, with plans to acquire more property and develop more projects in the next few years.
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