Egypt’s NCB Developments launches Valencia compound in New Cairo

Egypt’s NCB Developments launched Valencia residential compound in New Cairo on Wednesday, the company’s chairman Gerges Lawendy, said.

The residential compound has an investment of 3.7 billion Egyptian pounds ($120 million). Lawendy added that the four-phase compound has an area of 12.5 acres.

It will include 15 residential buildings, a strip mall, a sports club and leisure facilities. The project was designed by Archrete, and the first phase is set to be delivered in three years.