DIG is planning to invest EGP 10 bn in expanding its projects in both east and west Cairo in 2023, Invest-Gate reports.

Hany Helmy, the Vice Chairman of DIG, states that the company’s expansion plan includes Sheikh Zayed City and the Fifth Settlement, where West Way Developments, DIG’s sister company, will begin implementing projects in west Cairo.

This strategy aims to increase the company’s project portfolio after the successful launch of previous project, he adds.

Helmy also mentions that DIG has started excavation work for Track 10 and Track 14 projects in the New Administrative Capital, following the receipt of drilling licenses.

These projects are situated in the prominent Downtown area, and are expected to generate sales of around EGP 1.2 bn, he notes.

The top executive says that Track 10 is a commercial, administrative, and medical project spanning 2,500 sqm and comprising a ground floor and 10 floors, adding that it is scheduled for completion in 2025.

Furthermore, Helmy reveals that the company has obtained initial approvals for the Track 12 project’s drawings and drilling permits.

It is worth noting that Track 12 is located in front of pharmaceutical companies in NAC, covers an area of 2,500 sqm and includes a ground floor and 12 recurring floors for commercial, administrative, and medical activities.

The project is expected to be completed by 2026.