Situated on 18 feddans with around EGP 2 bn investments, the new club offers hotel services, a shopping mall, an E-Sport stadium, and 5 swimming pools.
Chairman of Anchor Developments, Amr Ali, reveals that the company develops 3 plots of land in NAC with a total area of 26,275 sqm.
The first issuance of the fund received EGP 360 mn worth of subscriptions, out of a targeted value of EGP 500 mn, from Egyptian and multinational financial institutions.
The first phase includes around 14 feddans, out of the park’s total area of 44 feddans, in partnership with major companies.
The visit comes as a part of the events of the second day of the 7th Arab Housing Conference “Towards Smart Sustainable Cities that Achieve Quality of Life”.
Over 2,000 runners participate in the 5,000-km marathon.
Majid Al Futtaim also unveils a plan to expand its soft discount store, Supeco, and open more Carrefour Gourmet stores in the Egyptian market.
Chairman of Concept Developments, Ehab Aboelmagd, comments that the company plans to accelerate the project's implementation while maintaining the highest quality.
The minister stresses the significance of the Sphinx Axis for linking the Cairo Alexandria Desert Road, the El-Dabaa Road, and Middle Ring Road.
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