Cairo – Mubasher: Karma Real Estate has launched a medical administrative project in Egypt’s New Administrative Capital with expected investments of EGP 500 million.

The new project, located over 4,900 square metres in the Business District, is scheduled for completion in 2022, the company’s chairman Ahmed Moustafa said in a statement on Sunday.

Karma Real Estate seeks to inject further investments into the Egyptian market, with plans to launch a new project in the new capital by early 2020 and another project in the North Coast, he revealed.