Egypt-based construction firm Mokhtar Ibrahim plans to develop 106 acres in Helwan by the end of 2016, said Mohamed El Khatib, Deputy Chairman of Financial and Administrative Affairs,  Amwal Al Ghad reported.

The estimated cost of the new project is EGP 1.5 billion, according to Al Hayat Al Masrya. Several projects are set to take place in Helwan to make use of the plots of lands acquired through the company’s merger with United Company for Poultry Production.

The company is currently studying the possibility of building a new plant specializing in poultry production, with an investment worth EGP 1.5 billion.

The value Mokhtar Ibrahim’s land portfolio is estimated at EGP 1.6 billion, spread across various regions in Egypt’s governorates, Alkhatib noted.

The company is currently wrapping up construction on four new bridges as part of the National Roads Project at a cost of EGP 500 million, according to Invest Gate.