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Egypt’s construction firm Al-Abd intends to start the development of 12 feddans in Sixth of October City by early 2020, its managing director announced on Thursday.
The company plans to carry out a number of administrative buildings as well as an educational school over the 12 feddans, with expected investments of 1 billion Egyptian pounds ($62.1 million), Said Fattouh told Amwal Al Ghad.
The works are part of Al-Abd’s scheme to increase its assets and boost its investment activity, a move aims to raise its business volume and double its returns, Fattouh said.
