ICEC

Egypt’s Safwa Urban Development executing High City in Obour

Egypt’s Safwa Urban Development (SUD) has started carrying out its residential project High City Compound in Obour City, 35km (21.7 miles) northeast of Cairo, said marketing director Ahmed Nabil on Monday.

The project’s total investments are worth around 800 million Egyptian pounds ($44.7 million), Nabil stated, adding that it is being established over 36 feddans, with total 1,000 various housing units.

“It is planned to deliver the flagship at the end of 2020,” he told Amwal Al Ghad.

Moreover, the Egyptian official clarified that SUD has attained a new land plot in order to execute four administrative and commercial towers in the state’s New Administrative Capital, 45km (28 miles) east of Cairo.

“They (four administrative and commercial towers) will be launched and marketed within the second half of this year,” Nabil concluded.

As for the new capital, the anticipated city is part of the Egyptian government’s plan to expand urban areas to deal with the country’s rapid population growth and improve the nation’s infrastructure.

The city will feature 1,250 mosques and churches, a 5,000-seat conference center, nearly 2,000 schools and colleges, over 600 medical facilities and a park that is projected to be the world’s largest.

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