News

Sunday, 10 February 2008

NREC requests licensing its project with KUWADICO in the 6th of October

NREC’s project with KUWADICO (Egypt) to build an integrated city in the 6th of October City was subjected to several technical changes in the designs, which have actually been finalized and are now ready to submit to the Egyptian Urban Communities Authority to obtain the building licenses and mandate the tasks to the selected contractors.

The project cost will amount to KD 82.5 million, equivalent to EGP 1.6 billion. The project consists of commercial complexes, specialized language schools, in addition to investment complexes and office. These projects will be executed after the license is obtained, following approval of the Investment Authority in Egypt.