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Monday, 11 July 2016

M2 Development begins 800 feddan land reclamation project by end of year

Private real estate developer M2 Development, also known as Misr Al Mahrousa and by the name of its New Cairo development Ashgar Darna, will begin an 800 feddan land reclamation project in Aswan by the end of the year at a total cost of EGP 100 mn, Chairman Mostafa Aboul Fotouh told Amwal Al Ghad. The reclamation will happen through one of the company’s subsidiaries, El Fagr for Land Reclamation, he added. The agriculture minister recently ordered the commencement of irrigation at the Aswan reclamation site.

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