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Egypt’s The Address Real Estate Development plans to launch a new housing project in Sheikh Zayed City, at the outskirts of Cairo, within 2020, its chairman said on Saturday.
The project comes as part of the newly-founded firm’s scheme to expand in the Egyptian real estate market, Amr Badr added.
“We are negotiating with the New Urban Communities Authority (NUCA) to get a land plot spanning between 20 feddans and 25 feddans in Sheikh Zayed to launch another fully-fledged urban project there,” Badr said.
The company will announce more details about the public-private partnership (PPP) urban flagship within the upcoming period, he added.
