Real estate developer, ARCO, acquired a 410-feddan project in Sheikh Zayed, west Cairo, in partnership with the government, with investments worth EGP 9bn, CEO Ayman Ibrahim informed Daily News Egypt. ARCO is currently preparing the project’s designs, and will submit an international design competition with 15 worldwide design offices, indicated the company’s CEO. Furthermore, Ibrahim expressed that the company is currently accomplishing the La Fontaine project, and that ARCO has acquired the ministerial approval for it. The project is located on a 743 feddan area, and will be developed over 10 years,” disclosed the CEO. Moreover, Ibrahim additionally revealed that the company is imparting EGP 3bn just for construction during 2018.

Source: Daily News Egypt October 29, 2018 08:37 UTC