By: Abdullah Bedeir
Cairo – Mubasher: Al Wefaq Developments aims to invest about EGP 1 billion in residential and commercial projects in the New Administrative Capital in the coming period, the CEO Mohamed El-Shabrawy revealed.
The real estate developer has launched a commercial-administrative-medical project in the new capital with an investment of EGP 300 million, El-Shabrawy said in a press conference.
The 3,800-square-metre (sqm) project is planned to be complete within three years, the CEO noted.
Moreover, the company signed contracts with Eitqan for Consulting, Arab Consulting Engineers (ACE), a subsidiary of Moharram Bakhoum, and MRB for Commercial Project Management, he added.
