New Giza plans EGP1 billion Investments within 2015

Big 5

New Giza for Development and Construction intends to pump EGP 1 billion investments (US$ 135 million) into its project in 6th October City within this year.

NEWGIZA 6th October City is a comprehensive project perched high above Cairo, with impressive vistas of the Pyramids of Giza and the city beyond, spreads across 1,500 acres (6.3 million square meters)of land with investment volume of EGP 25 billion (US$ 3.4 billion). It would be implemented within 10 years.

Envisioned as the ultimate lifestyle destination, residents are afforded security and convenience as well as comfort and luxury, with ten self-contained neighborhoods (surrounded by 87% open greenery and landscape) providing both a sense of serenity and community.

In 2015, New Giza is set to complete and hand over more housing units of the first phase of its project.

New Giza’s Executive Director of Development Omar Bahgat stated on Sunday that the Egyptian real estate market had witnessed remarkable advance at the end of 2014, pointing out that this year would witness a great progress backed by the growing demand factor.

Moreover, Bahgat affirmed that real estate market is able to get its previous growth rates back to contribute to the Egyptian economic revival.

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