By: Abdullah Bedeir
Cairo – Mubasher: Horizon for Real Estate Development plans to implement the multi-use commercial and medical project named Elite New Capital over 5,500 square metres in the New Administrative Capital.
Landmark for Real Estate Investments and SAK Developments have established Horizon for Real Estate Development to implement and manage the joint venture.
Investments in the two-building project, located in A3 within MU23 commercial and administrative area in the new capital, amounted to EGP 420 million, the company told Mubasher.
The new project is expected to be delivered by 2022, board member of Horizon for Real Estate Development Shady Saeed said.
Elite is forecast to generate sales of EGP 150 million in 2019.
Translated by: Zeinab Adel
