Real Estate Egyptian developer launches $26m mixed-use project By parag August 5, 2022 Golden Town Real Estate Development has started work on it's first project, Fort Tower in Downtown, a commercial, administrative and medical development Egypt’s Golden Town Real Estate Development has launched the first phase of its EGP500 million ($26.14 million) mixed-used project, Cascada, in the New Administrative Capital. The expected total sales value is more than EGP750 million, the company said in a statement. The developer intends to invest within and outside the administrative capital, chairman Raafat Maher stated. The expansion plan includes the implementation of a hotel housing project on the country’s North Coast and several projects worth EGP2 billion. Concrete works have started on the developer’s first project, Fort Tower in Downtown, a commercial, administrative and medical project, the statement added.
