Cairo – Mubasher: Mabany Edris has launched an urban project in Egypt’s New Asyut city, with total investments of EGP 1.25 billion.

The project will be situated on 130,000 square metres, head of the commercial sector at the company, Ayman Nawar, said, according to a statement released on Thursday.

The housing ministry is reviewing the project’s drawings and designs, Nawar added.

It is worth mentioning that Mabany Edris has completed 11 projects in Egypt on a total area of 900,000 square metres.