The project comprises completing 79 buildings at various heights, including 1,924 residential units and 18 commercial units, El-Gazzar notes.
Egypt works on intensifying its reform agenda and maintaining sustainable growth.
The company will also offer a variety of services to the project, including financial services, investment consulting, assessment, planning, and property management.
In Q3, the average office rent in Cairo rises 5% YoY to about $347 per sqm annually.
The projects include drinking water stations and networks, as well as pressure pipelines and wastewater treatment plants.
Cancellations record 8% of contracted sales, aggravated by EGP 576 mn cancellations on SODIC’s 464-acre project in New Zayed due to the project’s temporary suspension.
Alaksharreveals that the project includes a ground floor and 14 other commercial and administrative floors with investments of around EGP 700 mn.
The qualified projects include accessibility solutions for water, future networks, applications, analytics, and cybersecurity.
Madbouly notes that Egypt is lagging behind several countries in sales of property units, despite the big supply of high-quality properties, adding that they cannot be promoted as a source of free currency in the country.
The solar plant spans over an area of 245,000 sqm, with investments worth EGP 97 mn.
Page 397 of 895
Get all latest content delivered to your email a few times a month.
Welcome! Login in to your account
Don't have account. Register
Back to Login