Capital Group Properties (CGP) is planning to award contracts worth EGP 2-3 bn next year with to complete the first phase of its EGP 50 bn Al Burouj project, head of the company’s head of development Ahmed Fathy tells Al Shorouk. The company had previously announced its plans to sign EGP 500 mn worth of contracts by the end of this year for the project, which is set to be completed over four years in 10 years. CGP is currently preparing the designs for the project’s second phase, and it plans to begin construction work around the end of 2018.

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