The first phase of the Center’s pre-opening comes on the sidelines of the Climate Change Conference (COP27).
Saudi Egyptian Developers uncovers the axes of its sustainable development plan in the real estate market, in conjunction with the launch of the United Nations Climate Summit (COP 27).
The two agreements were signed on the sidelines of the 27th United Nations Climate Change Conference (COP27), which is held from 6 to 18 November in Sharm El-Sheikh.
Fixed revenue of the real estate sector grows to EGP 10.7 bn in the nine-month period that ends on September 30th from EGP 9.1 bn the year before.
The company’s total revenue surges to EGP 6.7 bn in 9 months to September 30th 2022 from EGP 4.9 bn in the same period a year earlier.
The MoUs were signed with Tatweer Misr, Misr Italia Properties, REDCON for Offices and Commercial Centers, PARAGON Real Estate Developments, and GV Developments, on the sidelines of the United Nations Climate Change Conference (COP27).
Over 28 years, Al Ahly Sabbour executed 63 projects through its 16 subsidiaries over six mn sqm, including more than 30,000 units.
Located in New Cairo’s Gold Square district, the multi-purpose project’s investment cost amounts to around EGP 3 bn and the first phase thereof will be tendered to contractors in the coming period.
The logistics hub will be situated over 470,000 sqm. It is intended to be the first sustainable and integrated industrial city in the heart of Egypt’s internal and external trade center.
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