By: Abdullah Bedir
Cairo- Mubasher: Capital Group Properties (CGP) has injected around $400 million worth of investment in its first project in Egypt, Al Burouj Compound, during the past three years, CGP’s chairman Ahmed Fathallah stated.
Located in El Shrouk City, Al Burouj Compound which spans an area of 5 million square metres has achieved sales value of EGP 6.1 billion until the present time, the chairman added in a recent press conference.
Construction works in Al Burouj reached a value of EGP 6 billion, Fathi said, highlighting that the project includes1500 residential units, as well as administrative offices on an area of 100,000 square metres.
It is worth noting that Capital Group Properties is a company owned by Abu Dhabi Capital Group (ADCG), and Al Ain Properties, headquartered in the UAE.
Translated by: Amal A. Wahaab
