Marseilia Real Estate Investment signed EGP 1 bn with contractors for the second phase of their North Coast project Marseilia Beach 4,according to AMAY. The 150 feddan phase is being implemented over the next two years and will consist of 1,600 homes with a total investment of EGP 2 bn. The first phase has already been completed and delivered with sales of EGP 411 mn. The group’s residential project in Alexandria ‘Hayat Alex Park’ is targeting an investment of EGP 3 bn, reported Al Borsa.

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