Egypt’s El Shams to deliver final phase of Gardenia in Sept.

Egypt’s state-owned El Shams for Housing and Development says it plans to deliver the final phase of its residential project Gardenia Compound in Sixth of October City at the end of next September.

At a cost worth 600 million Egyptian pounds ($33.5 million), the final phase will include the implementation of 120 residential buildings, the company’s chairman Mahmoud Maghawry said on Tuesday.

Maghawry added that his company also seeks to expand its businesses up to one billion pounds, through executing two new real estate projects in Sixth of October City and the new administrative capital before the end of the current year.