Real Estate Egyptian developer launches $26m mixed-use project By Pramod Kumar August 5, 2022 Golden Town Real Estate Development has started work on its first project, Fort Tower in Downtown 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 said. UAE, Egypt and Jordan industrial pact will ‘unleash billions’ 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 Golden Town’s first project, Fort Tower in Downtown, a commercial, administrative and medical project, the statement added.
