Real estate developer Skyway to launch US$44m new project in Egypt’s new admin capital

EGYPT – Skyway Development, a real estate developer, has announced plans for launching the Bayadega, Downtown New Capital project in the towers area of the New Administrative Capital (NAC) in Egypt. The project is anticipated to receive EGP 700 million (US$44.63m) in investments. The real estate development company is also eyeing Gulf investors in developing other projects through the next phase. According to Daily News Egypt, the company acquired a plot in the Downtown New Capital area to develop an administrative, commercial, and medical project that will be constructed according…

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