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Investor Relations
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FinancialNews
07-03-17
Greater Cairo Reconstruction projects hit EGP2bn investments
(MENAFN) Investments of the Greater Cairo Reconstruction Authority reached EGP2bn in the fiscal year, distributed amid road projects and slums development.
Accordingly, the Fangary axis is considered one of the major prominent projects of the authority this year and its whole cost surpasses EGP1bn.
Additionally, the Fangary axis is the first horizontal axis applied in Cairo to link Eastern Cairo to Western Cairo, making an extension of Road El Farag axis.
Meanwhile, the Fangary axis will be implemented in four phases, while Samco Contracting will be implementing the first phase at a cost of EGP275mn.
MENAFN0703201700450000ID1095295823
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