Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) announced that it has acquired a land plot over an area of 11,184 square metres (sqm) in New Qena City.

The land plot has been allocated for the establishment of a school named Futures which is expected to be inaugurated in September 2022, the company said in a bourse disclosure on Monday.

The company said that it has not received the land plot yet, noting that this step is in line with its plan to expand in educational projects

During the six-month period ended 28 February, the company reported net profits of EGP 246.05 million, compared to EGP 223.734 million in the year-ago period, including minority shareholders’ rights.