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Egypt’s real estate developer, IWAN Developments plans to start executing its fully-fledged housing flagship – Majada – in Ain Sokhna within 2020, said chief executive on Monday.
The project, which is with total investments of 5 billion Egyptian pounds ($307.8 million), will include a hotel with a capacity of 50 rooms, Waleed Mokhtar added.
“Majada will be implemented on a space of 101 feddans in four phases within a timeframe ranging between 7-8 years,” Mokhtar said.
