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Royal Developments announced the launch of the final phase of its expansive Monarch residential project in Mostakbal City, East Cairo.
Spanning over 30,000 square metres, the fourth phase will offer a variety of unit sizes including duplexes, company CEO Karim Shaalan told Zawya Projects.
Construction for the entire 40-acre project, valued at 6 billion Egyptian pounds ($125 million) and designed by YBA Consultants, commenced in September 2023.
Shalaam said the entire project, comprising 1,200 residential units and a 5-acre mall, would be delivered by 2027.
He also confirmed an investment of EGP270 million ($5.6 million) towards construction works in 2024.
(1 US Dollar = 47.95 Egyptian Pounds)
(Reporting by Eman Hamed; Editing by Anoop Menon)
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