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Egypt allocates 48 land plots for malls in New Sohag with EGP 360m investment

Egypt allocates 48 land plots for malls in New Sohag with EGP 360m investment
The total number of established residential units in the city reached 36,343

Cairo – Mubasher: The Head of the New Sohag City Development Authority, Ragab Salman, said that 48 land plots are being allocated for investors for the establishment of shopping malls with investment of EGP 360 million as well as sports facilities.

In addition, six clubs, spanning over an area of 55.5 feddans, will be allocated for syndicates, authorities, companies, and social services, Salman added in a statement on Tuesday.

He further revealed that the industrial area includes 307 land plots where 74 factories are operating as well as the warehouse zone which includes 145 land plots where 31 warehouses are operated.

The total number of established residential units in the city reached 36,343, including 7,656 social housing units.