Master Group invests EGP 3.5bn New Capital’s ‘The City’ project
Hamdy indicated that Master Group obtained the ministerial approval for the project.
The enterprise includes 2,700 units with spaces starting from 140 sqm to 211 sqm and encompasses 8 villas, he elaborated.
Additionally, he remarked that the project combines a threefloor commercial mall on 2 acres.
Over and above, the company owns ‘The City Valley’ project on 63 acres, with 70% of the project area dedicated for villas, 25% for apartments, 5% for serviced apartments, as well as three palaces, with 1,500 sqm for a single palace, revealed Hamdy. Furthermore, ‘The City Valley’ project has a commercial section.
The endeavour’s investments are worth EGP 3.5bn,and that the company did not yet start marketing it officially, he disclosed.
“We plan to complete the marketing of ‘The City Valley ‘project by the end of the coming year, with targeted sales of EGP 5bn,” Hamdy concluded.
The City is located on 54 feddans