Trilateral Egyptian agreement launched to develop Botanica project at NAC

SectorReal Estate

A trilateral strategic partnership agreement has been signed to develop the Botanica project, an integrated urban housing project in East Cairo’s New Administrative Capital (NAC), with investments worth EGP1.3bn The partnership was signed by Cairo Capital Developments, Emarat Masr group, and the Egyptian Ministry of Foreign Affairs’ Workers Committee.Cairo Capital Developments CEO Ahmed Selim said that the project is located in the R7 area at the NAC, next to the national project’s embassies district. Botanica will include 966 apartments of varying sizes, ranging from 100 sqm to 250 sqm, in addition to a commercial mall on an area of ??30,000 sqm.Selim noted that under the agreement, Cairo Capital and Emarat Masr group will develop the Trade Union Committee-owned project for the Ministry of Foreign Affairs, in exchange for a percentage.He more...