The Saudi Egyptian Construction Company (SECON) plans to invest EGP 4 bn in new developments in the 70 feddan area it has purchased in the new administrative capital, said the company’s CEO Darwish Hassanein, according to Ahram Gate. The company had signed its first design and consulting contracts for the projects, he said. SECON is also investing EGP 350 mn in its Riyadh compound in New Cairo.

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