News Archive

NREC to construct a real estate project in the 6th of October City covering over 3.5 million square meters

30 - January - 2008

The General Authority for Investment and Free Zones has approved to license NREC in order to set up a giant real estate project at the 6th of October City over an area amounting to 3.5 million square meters. The current paid up capital amounts to EGP 50 million, while the project authorized capital amounts to EGP 1 billion. The actual start of the project will take place next July, and its incorporation period will last for approximately 5.5 years in view of the massive size of the project, which comprises of a residential city with integrated utilities and services.