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Egypt’s property developer Al Ahly For Real Estate Development Company plans to hand over 1,286 housing units in Amwaj project early 2017, said its chairman Hussein Sabbour on Sunday.
The project is with investment cost worth 2 billion Egyptian pounds ($225.2 million).
Amwaj is located in the midst of Sidi Abdel Rahman bay located on the 136 kilos from Alexandria.
Sabbour further said Al Ahly would carry out giant expansions in its Amwaj project in the coming two years, involving building some hotels as part of entertainment works. Al Ahly will resort to foreign specialised companies to run the anticipated hotels in Amwaj, he added.
