“Capital Group Properties” has announced its contract with “Novo Group” for the construction of 2 new residential zones in Capital Group’s “Al Burouj,” with a total investment of 2 billion EGP.
This contract has come after a public tender was issued, and several construction companies have shown their projects and best offers and clearly, “Novo Group” has shown their best offers; the construction is supposed to begin in the last quarter of 2023 to develop 900 units.
Ahmed Arif, CEO of Capital Group Properties, mentioned that this agreement is expected to impact both companies positively.
