The project is developed in partnership between the New Urban Communities Authorities (NUCA) and Palm Hills Development.
El-Gazzar adds on the sidelines of his participation in the 27th Session of the United Nations Climate Change Conference (COP27) that the housing ministry took the approach of developing new communities planned in compatibility with the climate.
The project is expected to achieve contracting sales of more than EGP 4.5 billion, with the help of consultancies and real estate marketers.
Pioneer Plaza was launched at a cost of EGP 1 bn in the New Administrative Capita.
He notes that the project is planned to be marketed within two years.
Buyers were being selective and mainly opted to purchase property from well-reputed developers with strong balance sheets.
The loan will boost the pace of construction at Mountain View 4 in the 6th of October City.
Abdel Hamid Al-Wazir, Chairman of Arabisk Real Estate, notes that the company will open new branches and headquarters to keep pace with the expansion of its projects.
During the events of COP27, Tatweer Misr will join several initiatives launched by the GCNE.
Savills is working with its partners on their developments, primarily commercial buildings that are currently under construction, seeking the LEED Platinum certification.
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