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Saudi-Egyptian joint venture AkamAlRajhi Developments has launched DOSE project on the North coast at an investment of about 8 billion Egyptian pounds ($426 million).
Board member Hisham Kandil told Zawya Projects that 125-acre project, which would be completed in four phases, includes chalets, standalone villas, twin-townhouses, and serviced units.
He added that construction would start in November 2022 and finish in four years.
Cairo-based K&D Designs and United States-based SB Architects are the main consultants for the project.
AkamAlRajhi Developments is a joint venture between Egypt’s Akam Developments and Saudi’s AlRajhi Group.
(1 US Dollar = 18.77 Egyptian Pounds)
(Reporting by Eman Hamed; Editing by Anoop Menon)
