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Arab Moltaka inks land plots development contract with Bonyan

Arab Moltaka inks land plots development contract with Bonyan

ArabFinance:  Arab Moltaka Investments Company (AMIC) announced it has signed a contract to develop its owned land plots in Almaza, East Cairo, in partnership with Bonyan for Real Estate, a major real estate developer, according to a press release.

Under the contract, an integrated residential complex is set to be established over a built-up area (BUA) of approximately 50,000 square meters, Arab Moltaka Investments highlighted.

This project is expected to generate around EGP 900 million in total sales, the company noted.

Arab Moltaka Investments owns 18 land plots in Alamza that span over nearly 17,000 square meters.

AMIC invests in a diversified range of economic sectors covering a broad spectrum including industrial and agricultural investments, land reclamation and cultivation, livestock development, fisheries, real estate investments, and tourism.

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04 Oct 2021
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