{"id":638577,"date":"2017-10-09T03:45:26","date_gmt":"2017-10-09T03:45:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/first-group-to-establish-egp-4-bn-compound-in-fouka-north-coast\/"},"modified":"2017-10-09T03:45:26","modified_gmt":"2017-10-09T03:45:26","slug":"first-group-to-establish-egp-4-bn-compound-in-fouka-north-coast","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/first-group-to-establish-egp-4-bn-compound-in-fouka-north-coast\/","title":{"rendered":"First Group to establish EGP 4 bn compound in Fouka North Coast"},"content":{"rendered":"

Real estate developer First Group is planning to establish a new EGP 4 bn compound in the North Coast\u2019s Fouka area, Chairman Beshir Moustafa said, according to Al Masry Al Youm<\/a>. The 95-feddan compound will include a four-star hotel and 1,600 residential units. Work on the first EGP 1 bn phase will begin by mid-next year, with plans to deliver the units by 2021. The company plans on self-funding the project and will treat bank loans as a \u201clast resort\u201d due to high interest rates, Moustafa said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Real estate developer First Group is planning to establish a new EGP 4 bn compound in the North Coast\u2019s Fouka area, Chairman Beshir Moustafa said, according to Al Masry Al Youm. The 95-feddan compound will include a four-star hotel and 1,600 residential units. Work on the first EGP 1 bn phase will begin by mid-next […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638577","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"2da1045f-2648-49f5-9050-07b6b2917fee","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[638546],"teaser":"","voice_url":""},"yoast_head":"\nFirst Group to establish EGP 4 bn compound in Fouka North Coast - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/first-group-to-establish-egp-4-bn-compound-in-fouka-north-coast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Group to establish EGP 4 bn compound in Fouka North Coast\" \/>\n<meta property=\"og:description\" content=\"Real estate developer First Group is planning to establish a new EGP 4 bn compound in the North Coast\u2019s Fouka area, Chairman Beshir Moustafa said, according to Al Masry Al Youm. 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