CGP to invest EGP 5 bn in mixed-use compound Alburouj in 2019

Capital Group Properties is planning to invest EGP 5 bn in its mixed-use compound Alburouj in 2019, Chief Projects Officer Amgad Hassanein said. The funding will be directed toward completing the construction of units in the compound’s first phase and develop a new smart village complex. CGP had launched the EGP 700 bn Alburouj project in 2015, to be completed in ten years over four phases.