They said that the total investment for the expected project, which is a mixed-use development, is about $5bn. The winning consortium will invest in the project by joining the capital of Nilus Housing and Hotel Services. The official newspaper reported that Nilus Housing and Hotel Services have obtained the golden license to establish, operate, and manage the project, including building permits. The companies are obliged to execute the project according to the set timeline. Established in the United Arab Emirates in 1989, ASGC Group provides comprehensive general contracting solutions for key sectors, such as residential, commercial, healthcare, industrial, hospitality, entertainment, infrastructure, oil, and gas, according to its website.

Source: Daily News Egypt March 10, 2024 12:17 UTC