Egypt's Castle Landmark’s deals with contractors rise to $146mln

The company would launch two new projects in the New Administrative Capital and west Cairo

  
Image used for illustrative purpose. An aerial view of new housing complexes in a suburb of Cairo is pictured through the window of a plane, Egypt December 16, 2017.

Image used for illustrative purpose. An aerial view of new housing complexes in a suburb of Cairo is pictured through the window of a plane, Egypt December 16, 2017.

REUTERS/Amr Abdallah Dalsh - RC1169D2CE00
 

Egypt - Castle Development signed contracts worth EGP 2.3 billion with contractors for Castle Landmark project to implement it as soon as possible, Hapi Journal cited CEO Ahmed Mansour on February 28th.

The real estate firm has pumped about EGP 600 million into the development’s construction works, Mansour noted. He added that EGP 2.2 billion worth of contractual sales were registered for the project.

Castle Development plans to increase the execution works of the development to 45% by the end of this year, according to the CEO.

Another project in west Cairo will be offered during the fourth quarter of the year, Mansour unveiled.

He earlier said the company would launch two new projects in the New Administrative Capital and west Cairo.

Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Real Estate