According to the MoU, Orascom Construction will have an equity stake in the project and will execute the construction of the wind farm.
Madinaty Golf Club will host the tournament during November 10th -13th, with the participation of more than 120 professional players.
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.
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