Earlier, a preparatory meeting of the company’s board was held in the presence of Assem Al-Gazzar, Minister of Housing and New Urban Communities.
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Established as a partnership between the New Urban Communities Authority and the Housing and Development Bank, City Edge represents the Ministry of Housing, Utilities, and Urban Communities in the three MoUs, Minister Assem El-Gazzar said.
Sales for first phase reached EGP 700m
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.
Project spans over 211 feddan in R3 region at NAC
Company concluded EGP 8bn in sales of New Alamein’s skyscrapers
Company showcased project’s first 2 towers in Cityscape Global, received several positive comments