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Wednesday, 20 December 2017

Tatweer Misr, Mostakbal sign cooperation for two projects worth EGP 33 bn

Real estate developer Tatweer Misr signed two agreements with Mostakbal for Urban Development worth a combined EGP 33 bn for projects spanning 325 feddans, Tatweer Misr announced yesterday (pdf). The first agreement, worth EGP 28 bn, is for a mixed use community spanning 325 feddans. The project will be completed in several phases over the course of 10 years. Tatweer Misr also signed a EGP 5 bn purchase agreement with El Mostakbal for a 90-feddan educational complex that will take eight years to complete. Tatweer Misr plans on officially launching the project in 2Q2018.

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