MBG Development plans EGP 10 bn new capital housing project

MBG Development plans to launch a EGP 10 bn, 100-feddan housing project in the new administrative capital in partnership with Gulf investors, Chairman Mahmoud Al Adel told the local press. Sales could begin next year. The development is one of several MBG projects in the new capital, with Boca Compound and Boca Capital Walk already under construction.