Awad: The “East Tower” project was launched with investments of 6.5 billion pounds
The investments of “UC Real Estate Development” amounted to 8 billion pounds, distributed over 3 projects in the New Administrative Capital.
Sameh Awwad, CEO of the company, said that UC Development has launched the “East Tower” commercial hotel project in the central business district of the Administrative Capital, with investments of EGP 6.5 billion.
The project is built on an area of 4.5 thousand square meters, with a height of 40 floors, and includes 1.5 thousand units, of different sizes.
Awad indicated that it is planned to complete the implementation of the project within 4 and a half years.
He said that the company has completed selling the entire units of its projects “Uni Tower 1 and Uni Tower 2” in the Downtown area in the New Administrative Capital.
The article, 8 billion pounds of investments by “UC Development” in the Administrative Capital, was written in Al Borsa newspaper.