Egypt’s Madinet Nasr Company for Housing and Development (MNHD) is negotiating with major contracting firms to continue works on Primera Compound in Nasr City district.
MNHD expects the construction works would start within next March, the company said in a statement on Wednesday.
Primera is located in the heart of Nasr City close to the Ring Road. It is 5-10 minutes away from fifth Settlement and Heliopolis.
MNHD has increased its investment contracts 4.3 times to 3.79 billion Egyptian pounds ($23.9 million) in 2016 compared to a year earlier.