UAE-based real estate developer planning EGP40 billion project in Al Shorouk City
Capital Group Properties, a JV between Capital Group Properties (CGP), owned by Abu Dhabi Capital Group (ADCG) and Al Ain Properties, is planning to carry out an integrated EGP40 billion project in Al Shorouk City, according to Khaled Abbas, Deputy Minister of Housing to technical Affairs. cEGP800 million had been paid as a first tranche to the New Urban Communities Authority (NUCA), in infrastructure costs and fees. (Al Mal)
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