Areva Development has started construction of its 2.4 billion Egyptian pounds ($78 million) Glare mixed-use project in New Cairo.

The seven-storey project, spread over an area of 6,880sqm, includes offices, clinics and retail units, a press statement issued by the company said.

Areva’s development portfolio includes Nozha beach project in Ras Sedr, and Nozha international schools.

(1 US Dollar = 30.80 Egyptian Pounds)

(Reporting by Eman Hamed; Editing by Anoop Menon)


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