Egypt’s Zahraa Maadi to deliver 150 housing units before year-end

Egypt’s Zahraa Maadi Investment and Development plans to complete the delivering of 150 housing units in Zahraa Al Maadi area before the end of the year, a senior official said on Saturday.

The state-owned firm owns a giant bundle of residential projects of around 240 million Egyptian pounds ($13.4 million) in Zahraa Al Maadi, vice chairman of financial and administrative affairs Ahmed Hussein added.

“We have not pumped any investments in the country’s new administrative capital till now as we already have other investment opportunities in affiliated land plots,” Hussein told Amwal Al Ghad.

Established in 1980, Zahraa Maadi is a public shareholding company engaged in real estate development, construction, contracting, urbanisation, housing, and tourism as well as other investment activities.