Beta Egypt for Urban Development, a leading company in real estate development and owner of several projects in west and east Cairo, announces the delivery of the first and second phases of its project Beta Greens New Cairo in Mostakbal City, Invest-Gate reports.

The announcement comes during the press conference held by Beta Egypt, inside the headquarters of the Beta Greens New Cairo project in Mostakbal City.

For his part, Alaa Fekry, Chairman and Managing Director of Beta Egypt, states, “The company has so far invested around EGP2 bn in the Beta Greens project.”

The construction for the first and second phases have been completed, and the project’s 3rd phase is currently being implemented, Fekry adds.

Due to the recent changes in building materials prices, Fekry expects the project’s investments to exceed EGP3 bn, with the implementation of the commercial zone and services.

The investments of Beta Egypt exceed EGP4 bn in the Egyptian market, its authorized capital is EGP500 mn, and the paid-up capital is EGP115 mn.

Fekry asserts that Beta Egypt is keen to provide customers with the highest after-sales services.

It is worth noting that the Beta Greens New Cairo project is located in a privileged site in Mostakbal City, New Cairo, characterized by an ideal location in the middle of New Cairo.

It is considered the largest urban agglomeration near the New Administrative Capital, one of the 4th generation cities.