Misr Italia Holding signs construction deals of $28 mn to complete projects

Egypt-based property developer Misr Italia Holding has signed construction deals of 250 million Egyptian pounds ($28 million) during the first quarter of 2016 to complete the company’s already existing projects, Mohamed Al-Assal, the company’s executive chief said Tuesday.

Misr Italia aims to carry out 1500 units in its various projects  by the end of 2016 compared to 1000 units the previous year, Al-Assal noted.

on the other hand, the company has implemented 85 percent of the first phase of Cairo Business Park which is scheduled for completion within 2019. The project consists of 42 administrative buildings covering 90,000 square metres, while the commercial buildings will cover space of 20,000 square metres, in addition to a car park, a 120-room hotel, a conference hall accommodating 1,000 individuals. It serves medium-size and large-sized projects.