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MBG Developments injects EGP 1B in NAC

MBG Developments injects EGP 1B in NAC

ArabFinance: MBG Developments will launch its third project, While 14, in the New Administrative Capital (NAC) with total investments of EGP 1 billion, Al Mal News reported on July 29th.

The administrative and commercial tower combines a basement and 14 floors.

MBG Developments’ investment portfolio is worth EGP 7 billion, distributed on two projects in the NAC.

However, the company plans to raise its investments to EGP 9 billion in 2021, in addition to injecting EGP 2 billion in two new projects in the NAC during the second half of 2021.

 

 

 

 

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