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Sunday, 4 December 2016

Inertia investing EGP 2.5 bn into two real estate projects

Inertia Egypt are investing EGP 2.5 bn into two real estate projects, CEO Ahmed El Adawi told Al Mal. The projects include an EGP 1.7 bn housing project on the Cairo-Alexandria Desert Road, and EGP 800 mn to complete the Veranda project in Sahl Hasheesh, he added. Inertia will complete the first of four phases of the first project, and second phase of Veranda within three years, he said. Inertia is looking to IPO in 2018 and will begin evaluating assets and legal procedures in mid-2017, said El Adawi.

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