The EBRD said that the project aims to support sustainable developments in Egypt’s tourism sector, which has been particularly badly affected by the novel coronavirus (COVID-19) pandemic.
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Rasekh added that the company has launched the first phase of the business park within the project for reservation, noting that the project has also been designed differently to suit the nature of different companies and guarantees privacy.
The company has sold its first and second phases with total sales approaching EGP 350m, according to Amr Assaf, chairperson of Insight Real Estate.
Second phase will be launched for sale in the second half of 2019
Company marketed 40% of project, Says President
MARAKEZ for real estate investment, the Egyptian arm of Saudi Arabian conglomerate Fawaz Alhokair Group, signed a memorandum of understanding with Al-Futtaim Misr for Retail to open the first IKEA store in west Cairo at the Mall of Arabia. According to the press statement issued, this will be the Swedish retailer’s second store in Egypt …
Hassan Allam–CCC alliance implements first phase, Orascom Construction implements second