Egypt’s Mokhtar Ibrahim to develop 106 feddans in Helwan late 2016

Egypt’s leading construction firm, Mokhtar Ibrahim, is set to develop 106 feddans of its land portfolio in Helwan with total cost of 1.5 billion Egyptian pounds ($168 million) by the end of 2016, said Mohamed Alkhatib Saturday.

The company would implement number of projects in helwan so as to make use of the portfolio of lands that has been included through its merge with the United Company for Poultry Production.

He added that Mokhtar Ibrahim is studying the possibility of starting the infrastructure works of the project by the end of 2016; to build a new plant specialized in poultry production with total cost of 1.5 billion Egyptian pounds.

Alkhatib noted that the market value of the company’s land portfolio is estimated at 1.6 billion Egyptian pounds distributed in different regions in Cairo and other governorates.