Egypt’s Beta seeks building permits for New Cairo projects
The company plans to invest an additional $15.1m into its Beta Green New Cairo project in Mostakbal City
Beta Egypt Urban Developments has reportedly revealed that it is exploring building permits for its New Cairo project, and will invest a further $15.1m.
According to news publication Daily Egypt News, which interviewed Beta’s chairperson Alaa Fikry, the company plans to increase implementation rates for the developments by the end of the third quarter of 2019.
The project is built on an area of 36ha in Mostakbal City, New Cairo, and is being implemented over six phases with initial investments of $361.7m.
The company intends to implement the first phase of the project early 2020, which includes about 500 housing units with total initial investments of about $60.2m, out of a total of $361.7m for the whole project.