Fawry, Egypt’s leading digital payments company, has significantly expanded its collaboration with Svreico Real Estate Investment Company by acquiring an 80% stake in Svreico’s administrative building located in the Smart Village. This strategic move grants Fawry access to state-of-the-art facilities, enhancing its digital payment capabilities.
The relationship between Fawry and Svreico dates back to 2021, beginning with Fawry leasing two floors of the building. The latest agreement deepens their partnership, allowing Fawry to take control of the majority of the building, thereby supporting its expansion goals.
Hisham El-Far, Chairperson and CEO of Svreico, emphasized the importance of this partnership: “This agreement showcases our 17 years of expertise in providing top-tier real estate solutions and marks a new phase in our collaboration, enabling Fawry to support its growth trajectory effectively.”
Beyond merely expanding physical space, this deal enhances Fawry’s commercial and administrative functions, providing benefits such as advanced server facilities, additional parking, and storage options, and much more.
El-Far added, “The strengthened partnership with Fawry not only reflects confidence in Svreico’s ability to deliver exceptional services but also enables Fawry to enhance its digital payment services considerably, utilizing the extensive amenities our premises offer.”
Svreico prides itself on developing modern, flexible office spaces that adhere to sustainability standards, aiming to cater to the dynamic needs of rapidly growing companies. This acquisition aligns with Svreico’s mission to foster environments conducive to corporate growth and innovation.
