Egypt’s Cairo Capital Developments, a part of Brickzey Property Management, is awaiting ministerial nod to start construction on a 500 million Egyptian pounds ($31 million) residential project in West Cairo, the company Chairman told Thomson Reuters projects.
Ahmed Selim said that the unnamed project, spread over an area of 30-acres, would include 190 villas, a mall and a club house.
He said the company is targeting 1.2 billion pounds ($74 million) in sales from the development, adding that Mohamed Shendy is the project consultant. The company is planning another residential project in West Cairo spanning 200 acres in 2020, Selim said without elaborating further.
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