Egypt's Future Homes Development will start work on three projects next year at a total investment of 600 million Egyptian pounds ($38 million), the company's chairman said:
Mohammed Mounir told Zawya Projects that the three projects would be executed in partnership with El- Nasr Housing & Development and Zahraa El Maadi investment and Development in the first quarter of 2021 but didn't elaborate.
Mounir said the company has launched the third phase of its mixed-use Verona Heights in East Cairo. The 260 million pounds ($16.6 million) Verona Heights includes 100 commercial units and 370 residential units
He added that the third phase of the 100 million pounds ($6.4 million), 150-unit Future Heights project, also in East Cairo, was launched in partnership with National Investment and Reconstruction Company (NIRCO).
(1 US Dollar = 15.71 Egyptian Pounds)
(Reporting by Marwa Abo Almajd; Editing by Anoop Menon)
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