CGP planning on awarding contracts of EGP 1.5 bn this year

Capital Group Properties is planning on signing EGP 1.5 bn worth of contracts by the end of the year, EGP 500 mn of which will go towards their Al Burouj project, the company’s head of projects Amgad Hassanein tells AMAY. Al Burouj is a EGP 50 bn project set to be completed over four phases in ten years, with roughly USD 260 mn invested so far, said Hassanein.