Egypt’s MCR to launch Oasis Park – Phase I next June

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Egypt’s Modern Company for Construction and Real Estate (MCR) is planning to start launching the first phase of Oasis Park project in Sixth of October City within June 2018.

The first phase will be launched with investments estimated at one billion Egyptian pounds ($56.3 million).

Chairman Mohamed Abdel Mohsen said Monday the three-housing phase project includes a commercial centre, over 170 feddans.

The first phase will be established on a space of 50 feddans, Abdel Mohsen stated, adding that this phase includes 1,526 units, at spaces ranging between 90 square metres and 115 square metres.