PROJECTS: Egyptian developer Better Home starts construction of Cairo Business Plaza project in new capital

Project scheduled for completion by 2023

  
Mobile Crane on a road and tower crane in construction site. Image used for illustrative purpose.

Mobile Crane on a road and tower crane in construction site. Image used for illustrative purpose.

Getty Images/ Chaiyaporn Baokaew

Egypt-based property developer Better Home Group has started construction of its 25,000-square metre (sqm) Cairo Business Plaza in the New Administrative Capital, the company's general manager said.

Ashraf Adel told Zawya Projects that the commercial project would include 250 offices housed in four buildings with a build-up area of 10,000 sqm.

He declined to share the project cost or investment details but said the project would be completed in two phases by 2023.

In May, Zawya Projects had reported that the company launched its biggest residential project Midtown Sky in the new capital.

1 US Dollar = 15.76 Egyptian Pounds)

(Reporting by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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