Beta Egypt to invest $85.3mn in two projects this year

Property developer firm Beta Egypt for Urban Development plans to invest 1.5 billion Egyptian pounds ($85.3 million) in two projects in Eastern and Western Cairo within 2019, announced its chairman Alaa Fikry on Monday.

” We target 1.2 billion pounds in sales from the two projects this year,” Fikry further said.

Beta Egypt is currently completing one of these flagships in Sixth of October City, while the other project is being implemented in Mostakbal City, New Cairo, he added.

Moverover, Beta Egypt launched the first phase of its flagship Beta Green in New Cairo over 48.7 feddans in El Mostakbal City during 2017, with investments exceeding 5 billion pounds.