23 January, 2020

Emaar Misr plans to launch mixed-use projects in 2020

Both projects would be located in Sheikh Zayed City extension

Image used for illustrative purpose. An aerial view of new housing complexes in a suburb of Cairo is pictured through the window of a plane, Egypt December 16, 2017.

Image used for illustrative purpose. An aerial view of new housing complexes in a suburb of Cairo is pictured through the window of a plane, Egypt December 16, 2017.

REUTERS/Amr Abdallah Dalsh - RC1169D2CE00

23 January 2020

Egypt-based Emaar Misr is planning to develop two mixed-use projects in the Sheikh Zayed City extension in Greater Cairo in 2020, the company's director of external affairs told Zawya Projects.

Mohamed El-Menshawy said the first project, spread over an area of about 500 acres, would include villas, hotels apartments, commercial and office units. The second project, spread over an area of 130 acres, would include residential and commercial units.

He didn't disclose the project costs or timelines but said the company is awaiting ministerial approvals and licenses to start construction.

(Reporting by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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