INVESTMENT WATCH- CIRA eyes expansion in Assiut: Cairo for Investment and Real Estate Development (CIRA) confirmed reports that it is negotiating to buy an 11k sqm land plot in Assiut to build an international school, according to a regulatory disclosure (pdf). Reports this week indicated that CIRA is seeking to purchase land in West Assiut (Nasser City) after Porto Group and Madinet Nasr for Housing recently obtained land in the area. It is now waiting for the New Urban Communities Authority to approve the project.

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