Egypt’s ARDIC for Real Estate Development Company has started implementing construction works in Zizinia El Mostakbal project in the Future City with investment worth 1.2 billion Egyptian pounds, an official said Monday.
Ashraf Dowidar, ARDIC’s managing director, further added that the company will deliver the project within 2020, which includes 1,807 housing units.
Dowidar stated that his company is the first to execute additional projects in Future City.
“We are committed to the timetable set for delivery of the project’s units,” he noted.
ARDIC participated in in the Cityscape Egypt Exhibition, the international real estate show, this year with a unique pavilion to present the details of its Zizinia El Mostakbal compound, Dowidar said.
The Egyptian official further clarified that the project is located in Future City at the extension of El Teseein Road near Madinaty and 12 kilometres from the American University in Cairo (AUC).
Dowidar showed that the total area of the project is around 70.46 acres, 80 percent of which is allocated to green areas and lakes, which is an unprecedented feat.
The project’s units range between 160 square metres and 568 square metres on two bedrooms and three bedrooms-apartments, as well as duplexes and several plots of land.