ArabFinance:Lift Slab Company (EDBM) is assigned by M.O.T Investments & Projects, one of the Ministry of Transportation's companies, to establish a commercial, administrative and residential project on a land plot overlooking the Damietta Nile branch, spacing 1,065 sqm.

The company will jointly work with M.O.T by 48% of project work volume. It said, in a statement sent to the Egyptian Stock Exchange (EGX), the investment costs of the project amount to EGP 100 million including the land value, adding, the projected sales are amounting to about EGP 160 million.

Lift Slab is adhered to submit escrow by 5% of the construction costs through 30 days from receiving the tasking order.

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.