Times Developments starts construction of its second project in New Cairo with EGP 5 bn investments, Invest-Gate reports.

Situated on 26 feddans, the company is set to inject EGP 300 mn investments in construction.

The project is set to include different residential units, along with commercial units, restaurants, landscapes, and swimming pools.

Aster comes among a series of projects planned to be launched by the company in the coming period.

The company seeks to complete the project on time to achieve targeted investments of over EGP 1.5 bn.

It is worth noting that Times Developments announces the acquisition of three development companies, namely Egyptian Developers, Mass, and Connex. The developed companies have a compound land portfolio that spans 258,955 sqm.