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The IVOIRE East project is envisioned to house more than 1,000 families, boasting an array of luxurious villas and duplexes alongside commercial and administrative areas.
Pioneers Properties has reduced its stake in United Company for Housing and Development from 35.06 percent to 17.74 percent.
The company’s success is due to the devaluation of the Egyptian pound.
Pioneers Properties is a subsidiary of Aspire Capital Holding, an Egyptian diversified group founded in 2007.