Cairo – Mubasher: Beta Egypt for Urban Development aims to inject EGP 400 million into “Beta Greens New Cairo” project in Mostakbal City up to 2020.
The company will invest EGP 100 million by the end of 2019 and EGP 300 million during 2020 in the project which is being built over 25 acres, the company’s chairman Alaa Fikry said in a statement on Sunday.
“Currently, [Beta Egypt for Urban Development is] selecting the contracting companies that will be awarded the implementation of the project,” he remarked.
Scheduled for completion by the end of 2022, Beta Greens New Cairo project will feature 730 residential units at a combined investment of EGP 1.7 billion and with expected sales of more than EGP 2 billion.
Beta Egypt also considers launching a major non-residential project in the coming period, Fikry added.
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