Engaz Seeks 1,000 Acres in Fayoum

Thursday, 25th August 2016

Engaz for Real Estate Investment and Development seeks 1,000 acres of land from the 1.5 million acres  offered by General Fayoum Authority for Projects and Land Reclamation in Southern Fayoum, reported Al Borsa News.

The company aims to establish its Home and Gardens project as an  agricultural investment, with a total cost of EGP 90 million, said Osama El Tohamy, Executive Director of Engaz.

The project is an agricultural residential compound  consisting of 100 villas, with 10 acres of land attached to each villa, along with fish and animal farms, said Tohamy.

Engaz is waiting for the authority to offer the terms of conditions booklet for the tender.

Founded in 2015, Engaz works in various fields, including  general trade, land reclamation,  livestock, and poultry production, as well as real estate investment and contracting

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