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Tuesday, 19 July 2016

M2 Development begins first phase of M2 Gardens this quarter

Private developer M2 Development will begin constructing the first phase of its M2 Gardens project in New Cairo at a total investment cost of EGP 900 mn, Chairman Moustafa Aboul Fotouh told Amwal Al Ghad. The project will be built over an area of 35 feddans divided into three phases, including 950 homes, he added. The first phase will be completed by 4Q2019, while the entire project should be completed by 2021 at a total cost of around EGP 2 bn, said Aboul Fotouh. The company was recently in the news for an 800 feddan land reclamation project in Aswan.

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