Egyptian developer Style Home Development has launched residential project in New Cairo at an investment of one billion Egyptian pounds ($32 million).

The 13-acre Icon Gardens comprises of 26 buildings and would be developed in three phases, the developer said in a press statement.

The statement said the first phase of the project would be delivered in 42 months.

(1 US Dollar = 30.95 Egyptian Pounds)

(Reporting by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@lseg.com)