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Monday, 20 June 2016

Al Ahly for Real Estate Development applies for Green Square II, L’Avenir permits

Al Ahly for Real Estate Development company has applied for official permits for the Green Square Sabbour II and L’Avenir projects at Future City in New Cairo, Chairman Hussein Sabbour told Amwal Al Ghad. Al Ahly will choose a project contractor for Green Square II within the coming period and will begin construction by the end of the year, he added. The project falls within the first phase of Future City and has an estimated cost of EGP 186 mn.

!​_StoryHed_​! Wadi Degla Real Estate signs EGP 1.6 bn contract to develop Magawish

Wadi Degla Real Estate Development Company signed an EGP 1.6 bn contract with the Egyptian General Company for Tourism & Hotels (EGOTH) to develop Magawish in Hurghada, Al Borsa reported. Wadi Degla Real Estate Development Chairman Maged Helmy says the revenues from the project are expected to be around EGP 2.3 bn, of which EGOTH will receive EGP 670 mn. He added that the project will be developed over eight phases, but did not specify when operations will begin.

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