Capital Link Developments contracted Master of Contracting and Building Egypt to implement its project Verona in the New Administrative Capital (NAC), Invest-Gate reports.

The company’s Chairperson Ashraf Badea says that Capital Link’s contract with Master of Contracting is valued at EGP 100mn. Building Egypt will supervise the implementation of the project.

With total investments of EGP 350mn, the Verona project spans an area of 2,085 sqm. It is a nine- storey mixed-use building, comprising medical, commercial and administrative units, with areas starting from 26 sqm per unit, and prices ranging between EGP 18,000-EGP 22,000 per sqm.

Badea adds that the company is keen to sell all medical and administrative units fully finished and with air conditioners, while commercial units will be sold semi-finished. He further notes that the company has a portfolio of lands in the NAC and it is studying launching several projects over the coming period.