Egyptian developer Pillarz Developments has completed 70 percent of its 1.5 billion Egyptian pounds ($49 million) Tiffany Business Park project in the New Administrative Capital (NAC), the company's CEO said.

Marwan Eltobgy told Zawya Projects that the 8-storey mixed-use project spans an area of 5,500 square metres and comprises of 150 units for offices, clinics, stores and includes a hospitality portion.

Eltobgy said that project would be completed by 2025, adding that the operations contract has been awarded to KAD commercial property management.

(1 US Dollar = 30.90 Egyptian Pounds)

(Reporting by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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