New Giza eyes EGP2 billion Contracted Sales at end-2015

New Giza for Development and Construction targets contracted sales of two billion Egyptian pounds (US$ 263.5 million) by end of 2015, executive director Omar Bahgat said.

Bahgat stated that such plan would be triggered by current improved economic situation in Egypt alongside the country’s upcoming Economic Summit next March. In addition, New Giza seeks to make best use of the recent amendments to real estate regulations.

Moreover, New Giza also is also planning to pump this year one billion pounds to carry out execution works on more units in the first phase of its project in 6th October City.

NEWGIZA 6th October City is a comprehensive project perched high above Cairo, with impressive vistas of the Pyramids of Giza and the city beyond, spreads across 1,500 acres (6.3 million square meters)of land with investment volume of EGP 25 billion (US$ 3.4 billion).

Envisioned as the ultimate lifestyle destination, residents are afforded security and convenience as well as comfort and luxury, with ten self-contained neighborhoods (surrounded by 87% open greenery and landscape) providing both a sense of serenity and community.

About NEWGIZA UNIVERSITY (NGU), it would offer a highly rigorous and sophisticated medical education featuring state of the art Health care Sciences and Biomedical Research facilities, and offer innovative academic degrees in the fields of Business, Engineering, Law International Affairs, Humanities and Arts. It will also develop innovative and interdisciplinary degree programs in close collaboration with highly ranked worldwide universities.

NEWGIZA is a pioneering integrated residential and commercial community featuring state-of-the art educational, sporting, medical, business, and entertainment facilities.