Egypt’s NCB Developments launches Valencia residential compound in New Cairo

Egypt’s NCB Developments launches Valencia residential compound in New Cairo

Egypt’s NCB Developments has launched Valencia residential compound in New Cairo at an investment of 3.7 billion Egyptian pounds ($120 million), the company's chairman said.

Gerges Lawendy told Zawya Projects that the four-phase compound spans an area of 12.5 acres, and includes 15 residential buildings, a strip mall, a sports club and leisure facilities.

He said Archrete has designed the project, adding that the first phase would be delivered in three years.

(1 US Dollar = 30.91 Egyptian Pounds)

(Reporting by Eman Hamed; Editing by Anoop Menon)

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