Egypt’s Memaar Al Morshedy to start mixed-use project in Jan 2020
The 363ha project's construction, on a plot of land owned by Administrative Control Authority, will last four years
Real estate developer Memaar Al Morshedy is reportedly planning to build a 363ha mixed-use project on the northern coast of Egypt, with work commencement expected in January 2020 and due to run for four years.
According to Thomson Reuters, Memaar Al Morshedy's branch manager, Waleed Rezk, said the project would involve the development of a 37ha Lake Front residential project in October Gardens, Giza, by mid-2020, in partnership with Egypt's Administrative Control Authority.
Administrative Control Authority owns the plot of land where the development is located, and the authority will reportedly be entitled to 600 units out of the total 1,302 residences to be built.
The project will be designed by Spain’s VDP Design, Egypt’s Raef Fahmy Architects, and US-based Hadid Design.