El-Mamoura Company for Construction and Tourism Development plans to implement a commercial and residential project spanning an area of 4,000 square meters in Alexandria during the next fiscal year, Invest-Gate reports.
The company is also starting to make use of a 3,000-meter-square land plot in Mamoura, Alexandria to carry out a new commercial residential project worth EGP 220 mn, 40% of which will be self-financed and 60% to be funded through a loan.
Scheduled for delivery by mid-FY2017-18, the project comprises 170 residential projects, including units with spaces ranging from 125 to 200 meters.
The company is also preparing to hand over 168 residential units worth EGP 250 mn in 6th of October City by the end of the current fiscal year, while the project’s second phase will be delivered soon.