Real estate developers announce upcoming construction plans
A number of real estate developers have announced their upcoming construction plans. Dorra Real Estate Development Group is set to break ground on its EGP2bn New Cairo project in October and complete it within four years; Emtelak Real Estate and Development will begin construction on its EGP1.7bn hotel project in Ain Sokhna by early 2018 under a PPP agreement; Memaar Al Morshedy will begin construction on EGP1bn worth of projects at Katameya Gate and Lake Front in Sixth of October; and Al Akareya has begun working on the first phase of its EGP900mn Korba Heights development, which is expected to be completed by 2022.
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