New Vision pumps $ 7.8mn in 5 new real estate projects in Cairo

Egypt-based real estate firm New Vision, announced establishing five new property projects in Cairo’s neighborhoods of New Cairo and Mohandessin with total investments worth 70 million Egyptian Pounds (US$7.8 million), its Chairman Mohammed Kamal said Sunday.

Furthermore, the company plans to increase its investment in Egypt to 1 billion pounds by 2019 from 350 million pounds through increasing its volume of business in the local market.

New Vision has delivered four projects during the first half of the current year; in addition, the company would deliver three more projects by the end of 2016.