Akam Developments targets to achieve EGP 1.2bn in sales from its Scenario project at the New Administrative Capital, according to the company’s Property Consultant, Youmna Kamel. Furthermore, Kamel declared that the company has already obtained ministerial approval to develop the project, and the first phase is under construction. The project’s marketing was divided into four phases, and Akam aims to complete the sale of its units by next March. The unit prices starts from EGP 10,700 to EGP 12,000 per sqm for half-finished units and from EGP 12,000 to EGP 14,500 per sqm for fully finished units, with 10-year payment plans. Akam was established in early 2018, with a paid capital of EGP 3bn.

Source: Daily News Egypt November 28, 2018 06:45 UTC