Egypt’s real estate investment firm Tabarak Holding Group says it plans to pump investments worth 1.1 billion Egyptian pounds ($61.6 million) into three flagships.
Ali El-Shorbany, Tabarak’s chief executive, told Amwal Al Ghad on Tuesday that these investments are distributed as 800 million pounds for 90 Avenue, 200 million pounds for Capital East, and 150 million pounds for Fantasia.
90 Avenue is located in New Cairo over 200,000 square metres and Capital East is at the heart of Nasr City, while Fantasia is in Ras Sedr.
“The company targets completing the implementation of 90 Avenue’s second phase besides landscape works,” El-Shorbany further stated.
The Egyptian official added that Tabarak is in the process to sign contracts to carry out a number of landscape and finishing works worth 200 million pounds in 90 Avenue and Capital East.