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Cairo – Egyptian Resorts Co will reconsider the implementation of its ‘270 project’ due to the coronavirus (COVID-9) crisis.
Based on the current market demand, another study will be carried out to assess the project related to the establishment of 321 residential units over an area of 44,354 square metres (sqm), the company said in a statement to the Egyptian Exchange (EGX) on Sunday.
In September 2019, the company’s board of directors approved the launch of its latest project, 270, at a total cost of EGP 444.4 million with a built-up area (BUA) extending over about 35,000 sqm.
Source: Mubasher
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