Egypt executes 97.4% of Al Asmarat 3 flagship: Madbouly

The accomplishment rates of Egypt-based Al Asmarat 3 flagship exceeded 97.4 percent, said Egyptian Prime Minister and Housing Minister Moustafa Madbouly on Saturday.

“The project’s total cost is near to two billion Egyptian pounds ($111.9 million), of which 1.5 billion pounds  is from the state’s Informal Settlements Development Fund (ISDF), and 500 million pounds from Tahyamisr fund,” Madbouly further added.

The Egyptian minister clarified that there are 124 residential buildings in the project, which are about to be completed within the upcoming period. These  buildings will provide 7,400 housing units and 176 commercial homes.

Al Asmarat 3 project, which is located in Mokattam, will include mosque, church, selling outlets, five playgrounds, banquet hall, garden for children, nurseries, health units, bakery, and parking for cars.