Around nine leading Egyptian real estate firms in December 2013, came together to raise $7.5 million to build Egypt’s latest real estate site, NoCorner.com, the funds led by Housing and Development bank and existing partners said the funds will be used for talent acquisition, product development and brand promotion in a move to make NoCorner Egypt’s leading property site.
NoCorner will also represent the country’s biggest and most professional brokers and banks and Mortgage firms.
Abdalla Al Abiary, the CEO of Nocorner.com said the site had noticed the rise of Real Estate portals in Egypt and wanted to work with them but realized their focus was different. NoCorner therefore decided to go big on its own, with a number of its partners which include six top Egyptian real estate firms, two government owned companies and one bank owned firm.
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