Mubasher TV
Contact Us Advertising   العربية

Mardev Developments plans EGP 400m investments in New Administrative Capital in 2021

Mardev Developments plans EGP 400m investments in New Administrative Capital in 2021
The company is building a residential project with investments of EGP 1.5 billion

 By: Abdullah Bedeir

Cairo – Mubasher: Mardev Developments plans to invest EGP 400 million in new projects in the New Administrative Capital during 2021, the CEO Mohamed Zohdy said.

The real estate developer takes part in the Capital of Hope exhibition, organised by Al-Ahram between 4-6 March, with three projects in the new capital, Zohdy added.

The company is building a residential project, consisting of 17 buildings, over an area of 17.64 feddans, with investments of EGP 1.5 billion.

It is also establishing a 3,000-metre commercial project, scheduled for completion by the end of 2022, he noted.