Moukhtar Ibrahim to deliver housing flagships in New Ismailia next Dec.

Egypt’s state-run construction firm Moukhtar Ibrahim says it plans to deliver a number of housing flagships in New Ismailia City, eastern coast of Suez Canal, at the end of 2018.

The projects will be handed over at a total cost worth more than 260 million Egyptian pounds ($14.7 million).

Mohamed Alkhatib, Moukhtar Ibrahim’s deputy chairman of financial and administrative affairs, said Thursday that his company has started its works in New Ismailia City at the end of 2016. These works include 42 residential buildings at the third district.

“The company executes other ten buildings at the fifth district in the city,” Alkhatib further stated, adding that the work’s total costs exceed 260 million pounds.

“We target completing the residential buildings by the end of December 2018,” the official noted.