The initiative “Baitk biedak” was first launched in 2008 in the city of Assiut, with the primary purpose of fighting the massive and unjustified increase in the real estate market prices.
The founder of this intuitive is Mr. Mahmoud abdel Shafy
The initiative aims to provide the market with units at cost-price, and a 5% markup for the execution and management of the project, along with hassle free payment options as opposed to the complicated bank loan process. Within 10 years, the initiative succeeded in delivering 2000 residential, commercial and administrative units through 80 projects. Stemming from our belief in providing equal opportunities to the different financial segments of society to achieve economic justice and equality.