Egypt-based real estate investment firm Tabarak Holding Group says it seeks to deliver its flagship 90 Avenue in New Cairo within 2020, with total investments of around 3.8 billion Egyptian pounds ($215.5 million).
90 Avenue is being executed over 210,000 square metres in three phases, said Tabarak’s general manager of sales Mahmoud Moukhtar on Thursday.
“The project’s first phase is to be delivered at the end of 2018,” Moukhtar stated, adding that it will include 1,400 units on spaces ranging between 151 and 248 square metres.
Moreover, the official referred that Tabarak is currently in talks to attain a land plot in the country’s New Administrative Capital City, 40km (24.8 miles) east of Cairo, over 100 faddans in order to execute a new residential project there.
“The company is set to execute a number of housing units with spaces ranging between 120 and 180 square metres (in the new capital city) within the next period,” Moukhtar said.