Egyptian developer Just Development intends to launch its 'Legacy Business Complex' commercial project in the New Administrative Capital in September at an investment of about 500 million Egyptian pounds ($32 million), the company's chairman said.
 
Usama Gomaa told Zawya Projects that the 11-storey complex will contain 200 units for housing stores, clinics and offices, and would be completed by 2025.
 
He said they are waiting for transfer of land from Administrative Capital For Urban Development (ACUD), adding that Cairo-based Design Avenue is the main consultant for the project.
 
Gomaa added they are planning to build a residential project in New Cairo over an area of 19 acres, and two more commercial projects in New Capital in the upcoming period.
 
(1 US Dollar = 15.70 Egyptian Pounds)
 
(Reporting by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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