Egypt’s state-run General Construction Company- Rolin plans to launch its first real estate flagship at the Sixth District in Nasr City, east of Cairo, within June 2018, said managing director Fathy Sayed on Saturday.
Fathy added that his company also seeks to achieve investments of about one billion Egyptian pounds ($56.6 million) and financial returns of two billion pounds from the residential and commercial project within the next two years.
“The project will be carried out on a space of 10,000 square metres,” he stated, referring that Rolin hopes to attain the licenses of the project that comes as part of the company’s scheme to expand its business in real estate activity.
The official said the state’s Arab Bureau for Design and Technical Consultation, affiliated to Construction Company for Construction and Development (HCCD), is responsible for preparing the project’s designs within the current period.
“The project’s construction works are expected to be implemented within the second half of this year,” Fathy concluded.