ArabFinance: Real estate firm Dolmen Developments is launching its Avenue Al Maqsad project in the New Administrative Capital (NAC) in mid-December at total investments of EGP 200 million, according to a December 7th emailed press release.

The commercial facility spans 2,300 meters, being part of Al Maqsad development in the new capital, Chairman Abdel Azim Khalil said.

Dolmen is expected to begin the construction works by June 2021, with Avenue Al Maqsad planned to be carried out in two years, according to the official.

The company will start delivering the units of the project within three years, he added.

Dolmen’s investment plan includes three developments in NAC at a total value of EGP 1 billion, according to the statement.

The Pier Mall, another project by Dolmen in NAC, spans 3,000 square meters. The establishment has investments totaling EGP 400 million.

City Edge Developments announced last month offering more than 1,000 units for sale in Al Maqsad Residence project in NAC.

Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.