Egypt’s Samcrete Engineers and Contractors (SMCS) is launching a new residential project in Sixth of October City within the fourth quarter of 2017, chief executive Hisham El-Kheshen said Monday.
The project is with investments worth 600 million Egyptian pounds (33.1 million), El-Kheshen told Amwal Al Ghad.
“We will implement the project next to our Pyramids Heights current flagship, on a space of 50 feddans,” he noted.
The Egyptian official further added that the new project includes 200 units.
“We target execute the project early 2018,” El-Kheshen showed.
El-Kheshen clarified that this project comes as a part of Samcrete’s future expansion schemes.
Moreover, Samcrete has an additional plan to carry out a touristic residential project in North Coast, but the company is still searching for land plots with spaces ranging between 50 and 100 feddans, he said. 
