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Egypt's Leopard Construction launched 2 residential projects of $445 million in East Cairo

Posted on February 16, 2022   |  

  • Egyptian developer Leopard Construction launched 2 residential projects in East Cairo at a total investment of 7 billion EGP ($445 million).
  • 1.4-billion-pound ($89 million) Cairo Cannes, located in New Heliopolis, is a joint venture with Zahraa El Maadi company which is spread across an area of 34 acres, which will be developed in 2 phases, containing 1000 housing units, a commercial mall, and a sports club.
  • The Cairo Cannes works have started and phase 1 of 600 units will be delivered in 2024 while it will take 5 years to conclude the project.
  • The 2nd project “East Cairo” is located on Ismailia Desert Road and will be developed at an investment of about 5.5 billion pounds ($350 million).
  • The 78-acre project’s construction will begin in 1Q 2022 in 3 phases, and it will complete in 8 years,  which would include 4,500 housing units, a sports club, a hospital, a school, and a Hilton Garden Inn hotel.