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Mostakbal City sees EGP 5bn investments by 2020

Mostakbal City sees EGP 5bn investments by 2020
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Cairo - Mubasher: El Mostakbal for Urban Development, the owner and developer of Mostakbal City, announced plans to pump new investments of EGP 5 billion in the project’s infrastructure in the next two-year period.

The company’s chairman and managing director, Essam Nassif said on Tuesday that EGP 2 billion of investments have been already directed to the project’s infrastructure since mid-2017.

Nassif added in a statement that his company has completed the project’s first phase, and is now working on phases two and three of Mostakbal City, noting that the company has paid around EGP 1.6 billion to the New Urban Communities Authority.