Despite the international financial crisis, real estate development is one of the evolving investments in Sudan where in the capital, Khartoum, it’s witnessing a boom. Many local and foreign companies from UAE, Qatar and Malaysia are investing in the real estate, lured by a boom fuelled by rising oil production and the promising economical growth.
Larrycom for Investment joined a Qatari group – Mackeen Real Estate Investment to for "Mackeen Africa"; a real estate investor and the owner of "Dohat ElNel"… the newest Nile city in Khartoum.
In an area of over 100 square km and bordered by the first Nile sidewalk in town; the city model demonstrates a piece of architectural and city development master piece. The project is landmarked by its five star hotel, and Nile fountain. Besides, these distinguished landmarks a Shopping Mall, business towers, leisure and entertainment facilities complement its residential area; where a number of high standard, differently sized apartment lie facing the River Nile.
The project is estimated to cost over 350 million dollars.
Mackeen Africa is 50% owned by Larrycom for Investment.