Alexandria Company for Investments and Urban Development has started carrying out the first phase of Smouha Grand View project, with investments totalling two billion Egyptian pounds ($110.5 million).
The phase includes infrastructure works at a depth reaches 11 square metres to establish five housing towers and parking area, Sales Manager Hossam Eldin Mostafa told Amwal Al Ghad on Thursday.
“We will implement the project within seven years,” Mostafa noted.
The Egyptian official further added that Smouha Grand View is a fully-integrated residential project which is located in Alexandria on a space of 21,000 square metres.
The project involves 13 residential towers with around 1,000 housing units, Mostafa concluded.