Egyptian developer Pyramids Developments announced the launch of Pyramids City mixed-use project in the New Administrative Capital at an investment of about 25 billion Egyptian pounds ($1.6 billion).
 
The developer said in a press statement that the 140-acre development would include stores, offices, medical units, as well as entertainment and hospitality components.
 
The statement said Concreative Consultancy is the engineering consultant and Mohamed Talaat Architects is the architect for the project.
 
The developer is negotiating with two companies to finalise the construction works, the statement added.
 
(1 US Dollar = 15.74 Egyptian Pounds)
 
(Writing by Eman Hamed; Editing by Anoop Menon)
 
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2021