ICEC

Novus Stanza to deliver Liberty Village in Egypt’s new capital at end-2020

Egypt’s Novus Stanza Properties Company says it hopes to start delivering its newest residential flagship Liberty Village in the country’s New Administrative Capital City, some 40km (24.8 miles) east of Cairo, at the end of 2020.

The project will be executed over 29 faddans in various phases, Novus Stanza’s advisor Mohamed El-Mosalamy said Thursday, referring that his company is set to start the construction works within April 2018.

“The project will be completely carried out within the upcoming four years,” El-Mosalamy stated, adding that the company has achieved total sales worth 160 million Egyptian pounds ($9 million) at the end of 2017.

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