Cairo – Mubasher: Cairo Investment and Real Estate Development on Sunday announced that the New Urban Communities Authority (NUCA) has initially agreed to hand over an 81-acre land plot to the company for the establishment of a private university.
The higher education project will be built in the west of Nasser City in Assiut over three phases to end in 2027 at a value of EGP 2.5 billion, according to a statement to the Egyptian Exchange (EGX).
The project is part of the company’s expansion plan, the statement added.
Cairo Investment previously posted a 95% hike in consolidated profits for the period between September 2017 and August 2018, recording EGP 126.37 million, versus EGP 64.8 million in the same period a fiscal year earlier.
