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English news

08-Feb-2016

362 bidding documents withdrawn for GAFI’s 64 land plots

A number of 362 bidding documents were withdrawn by potential investors for the 64 land plots launched by the General Authority for Investment (GAFI) on behalf of the Ministry of Housing, of which 125 are related to four land plots in New Cairo and 100 for 11 plots in Sixth of October. The bidding documents were made available starting 13 January and through 4 February, as per the original plan, extended to 4 March on less-than-expected demand. These plots total 1,500 feddans and are spread over 20 new cities, ranging from 3.5 feddans and 106 feddans each. (Al Borsa)

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