Abu Dhabi’s Imkan said the first phase of Alburouj development in east Cairo, near Shorouk City, will be delivered this year, Invest-Gate reports.
Being the first real estate project developed by Capital Group Properties (CGP), the mixed-use community spans across 5 mn square meters and is located 20 minutes away from Cairo International Airport (CAI), according to Imkan’s statement on September 24.
Alburouj is being built at a cost of EGP 40 bn, with expectations to comprise 30,000 housing units.
In April, CGP announced its partnership with Emarat Misr to establish a multi-service station at Alburouj, including convenience stores, popular restaurants, and set-in cafes.
Established in 2015, CGP is owned by Abu Dhabi Capital Group (ADCG) and Al Ain Properties, leading global developers with diversified investment portfolios and an extensive land bank of prime locations worldwide.
