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Remco, in partnership with Armed Forces, to launch new Stella Di Mare

Remco, in partnership with Armed Forces, to launch new Stella Di Mare

Arab Finance: Remco for Touristic Villages Construction (RTVC) announced it entered into a partnership with the Armed Forces, to start the new project Stella Di Mare (2) in Kilo 45, Zafarana Suez road.

The Armed Forces owns the land plot of the project, representing 40% of the units built for the Armed Forces.

The new project will be established at an area of 2 million square meters (1500 villas, 2500 Chalets and commercial zone).

The company revealed that the total sales amounting to around LE5 billion, while the investment cost will be around LE3 billion, funded from the company’s cash flows.

Remco expects to finalize the project within three years.

 

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