Barons Court says Alex West’s housing part to cost 15bn Egyptian pounds

Egypt’s property developer firm, Barons Court Sports and Leisure says it plans to execute the housing part of Alex West project, at a cost of 15 billion Egyptian pounds ($849.6 million).

Hisham Akram, Barons Court’s Managing Director, told Amwal Al Ghad on Tuesday that the total investment cost of the fully-fledged residential compound is worth 50 billion pounds.

Alex West is established over 2.5 million pounds, Akram stated, adding that the project includes a number of housing units as well as educational, medical, commercial, sports, touristic, and administrative flagships.

“We have so far developed around 1.5 million square metres there,” the officials further said.

Akram referred that Barons Court has invested two billion pounds in Alex West since the company started operations in 2005.