El Attal gets ministerial approval on project in Egypt new capital

Egypt’s property developer, El Attal Holding says it has obtained a ministerial approval on its residential flagship – Park Lane Compound – at the seventh residential district in the country’s new capital.

Spanning over 26 feddans, the project is with total investments worth 4 billion Egyptian pounds ($246.5 million), the company’s chairman Ahmed El Attal said on Tuesday.

“The project will be completely executed in three phases within two years and a half,” El Attal said. Park Lane is set to include 1,100 housing units.

The company will launch Park Lane’s commercial and administrative part – named The Pavilion – with spaces ranging between 36 square metres and 256 square metres at NextMove Exhibition between October 17th-19th.