Margins Developments starts construction in New Capital’s project

Zia project is scheduled to be delivered by the end of 2023

  
Workers wearing protective face masks stand on a building under construction in the New Administrative Capital (NAC), east of Cairo, amid concerns about the spread of the coronavirus disease (COVID-19), in Egypt May 6, 2020.

Workers wearing protective face masks stand on a building under construction in the New Administrative Capital (NAC), east of Cairo, amid concerns about the spread of the coronavirus disease (COVID-19), in Egypt May 6, 2020.

REUTERS/Mohamed Abd El Ghany
Egypt - Margins Developments started construction works in its new project, Zia, in the New Administrative Capital (NAC), Daily News cited Vice Chairperson and Managing Director Ashraf Shaheen.

Zia project features commercial, medical, and administrative units.

Located in the Downtown area, the project’s total investments reached EGP 1 billion.

The project is spanned over 18,000 square meters, and comprises 176 units of different areas.

Zia project is scheduled to be delivered by the end of 2023.

Shaheen added that the company intends to expand in the establishment of residential, commercial, administrative, and medical projects, into which it expects to direct approximately EGP 4 billion in investments.

He further noted that the company is studying the acquisition of new plots of land in the NAC and New Alamein.

 

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