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Egyptian developer ERG Developments announces its planning to launch a 100-acre mixed-use project in the 5th Settlement in New Cairo, the company’s chairman said.
Mohamed Rizk told Zawya Projects that the project would include residential units, shops, and offices but didn’t elaborate, according to the “Zawya” website.
He said the company will start enabling works for its 25-acre Ri8 residential project in the New Administrative Capital (NAC) this month.
Rizk added that the EGP 3.5b project comprises 34 residential buildings containing 1,063 apartments and would be completed in three phases.
