Cairo – Mubasher: Giza General Contracting and Real Estate Investment Co has been awarded a contract to build 55 residential buildings in New Mansoura City. 

The buildings will be established in the second phase of Janna luxury housing project at an estimated cost of EGP 600 million, the company said in a bourse disclosure on Monday.

During the first nine months of 2020, the company logged EGP 40.22 million in net profits, down from EGP 47.99 million in the corresponding period a year earlier, including minority shareholders’ rights.