Chairman of IL Cazar Developments, Nader Khozam, notes that the company continues to direct more investments into the project's construction, despite challenges imposed by high prices of building materials and high construction costs.
CIB acts as the exclusive financial advisor, issuance manager, general arranger, promoter, and co-underwriter of the transaction.
The company is planning to launch a series of real estate projects in East and West Cairo.
The minister reveals that the unit is set to supply electricity to other distribution units soon.
For his part, the Chairman of FDWSC, Mohammed Al-Naggar, notes that projects are underway in the governorate under the Decent Life initiative with a value of EGP 1.615 bn.
The city includes a free zone and a used car sale area, the agency complex area, traffic offices, car showrooms, alongside other service facilities.
The chairman praises the fruitful cooperation with officials at the New Urban Communities Authority (NUCA) and the 6th of October City Development Authority in the implementation of the project.
The group reiterates that it focuses on providing its customers with more untraditional services, including mortgage finance that complies with Islamic Sharia's provisions and principles.
Talaat Moustafa Group (TMG) successfully adds considerable achievements to Madinaty City during 2022, including organizing international sports tournaments and the inauguration of shopping malls.
The new mall is located in New Cairo’s Golden Square area and features various cafes, restaurants, and childcare areas, alongside shops of sweets, accessories, flowers, perfumes, eyeglasses, and clothes.
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