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FINANCIAL NEWS
Egypt: USD170m project approved
15 Oct 2011
(MENAFN) October 6 governor Ali Abdel Rahman approved an architecture scheme for the investment and industry area in October 6 City, Youm 7 reported.
Abdel Rahman said he is keen to provide all facilities to achieve the deployment goals which represent employing youth and encouraging investment during Egypt’s current critical economic times.
The scheme is targeted to increase the city’s economical projects to 130. The project will cost between USD85 and USD170 million
The governorate will provide all the facilities to construct housing unities, hotels, and administrative buildings to create more than 100,000 job opportunities and to lift the living standard in urban society.
The area will be divided into 50 percent green land and 50 percent buildings and roads, he added.
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