Ardic for Real Estate Development, the Egyptian firm, has started construction work on its Zizinia El Mostakbal development in the Future City.
The $66.1 million project will consist of 1,807 housing units and will be completed by 2020, said Ashraf Dowidar, managing director of Ardic, in a Daily News Egypt report.
He also said that the firm was the first to carry out projects in Future City, which is part of the Cairo governorate. Dowidar added that Arfic was committed to the timetable set for the delivery of the project’s units.
The project is located in Future City at the extension of El Teseein Road near Madinaty and 12 km from the American University in Cairo (AUC), the report added.
Dowidar said that the total area of Zizinia El Mostakbal covers about 70.46 acres, with 80% allocated to green areas and lakes. The units range from 160sqm to 568sqm, and comprise of two-bedroom and three-bedroom apartments, as well as duplexes and several plots of land.
Daily News Egypt