El Mostakbal, Wadi Degla to sign EGP3.7 billion Contract This Week

Egypt’s leading real estate developers, El Mostakbal for Urban Development and Wadi Degla Holding Company will sign this week a contract to develop a land plot (A, B, E, F, 16) with a total area of 545.6 Feddans.

Thus, Wadi Degla has provided the best financial offer that leads to winning the tender recently launched by El Mostakbal.

The value of the contract amounts to 3.7 billion Egyptian pounds approximately (US$485 million), Rania Agwa Marketing executive of El Mostakbal noted.

Agwa further referred that the contract would be signed by chairman of El Mostakbal Fathala Fawzi, and Maged Helmy – Wadi Degla’s CEO – in the presence of number of state officials and leading real estate development companies.