Agency’s total financing loans reach $6.5bn, grants at $1.5bn
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The project is located in the R7 diplomatic area overlooking the main road, and will offer 1,376 housing units varied between luxury apartments, duplexes, and penthouses with areas ranging from 122 sqm to 366 sqm. Fahmy noted that the company plans to begin project delivery in 2023.
Company’s land bank worth more than 7.5m sqm
During the company’s press conference on Wednesday, Amr El Kady, CEO of City Edge said that the first contract was signed with ASGC Group for EGP1.4bn for the Etapa Square project except for the hotel part of the project, which is being implemented until 2022.
The OIA project is spread over 30 feddan in the NAC, composed of only 20% of building areas, which include 1,300 units.
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