Brouq Development launches its US$95m project in New Administrative Capital

EGYPT – Brouq Developments, an Egyptian-Gulf Investment Company, has launched its Spark Capital Insight project in the New Administrative Capital (NAC), with investments worth EGP1.5 billion (US$95.48m). Marketing Director Helal Mohsen said that the project was built on an area of ​​8,000 sqm in the MU23 area of the NAC. It is located at the intersection of the Al Amal Axis and the Bin Zayed Axis and overlooks the Green River. The project was built as a commercial-medical-administrative tower providing several services, including the largest food court on the Green…

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Sky Abu Dhabi launches its first project in Egypt’s New Administrative Capital

EGYPT – Sky Abu Dhabi Real Estate Development, a subsidiary of the UAE-based Emirati Diamond Group, has announced the inauguration of Residence Eight, its first project at Egypt’s New Administrative Capital (NAC). Sky Abu Dhabi aims to support Egypt’s urban development to accommodate the rapid increase in population. This falls in line with Egypt’s sustainable development strategy in the form of its Vision 2030, whilst establishing integrated communities that provide quality of life for Egyptians. In a bid to encourage foreign direct investment (FDI) in Egypt, Sky Abu Dhabi Real…

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