Egypt’s property developer, Wadi Degla Holding has started the construction works in its project “Neopolis” which is located at Mostakbal city with investments worth 14 billion Egyptian pounds (US$1.5 million), its chairman Maged Helmy said Saturday.
The company has obtained a ministerial decree related to establishing Neopolis-El Mostakbal City with expected revenues of 20 billion pounds. The project is a residential compound stretched over an area of 454 feddans, it includes 14,000 units to be developed over four phases over four years.
Neopolis is the first mixed-use in El Mostakbal City offering an array of residential options that cater to every preference; apartments and duplexes, all situated in the middle of lush greenery.
In addition, it promises its residents an exquisite living experience, featuring a multitude of high end facilities and services in addition to Wadi Degla Club and Wadi Degla’s renowned retail complex: The District.