El Mostakbal for Urban Development and Al Ahly Sabbour announced a partnership to develop a mixed use community in Mostakbal City over 2.4 mn sqm. The project — which is expected to reel in about EGP 35 bn in revenues — will be developed over four phases, the first of which will launch in 1H2018. Al Ahly Sabbour says it is able to focus on developing such a large-scale project as the partnership with El Mostakbal alleviates the financial burden of land acquisition.

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