(MENAFN) The Saudi-Egyptian Construction Co. (SECON) proclaimed the launch for Riyadh SECON in New Cairo which will see investments between 0.31bn and USD 0.337bn.
Accordingly, the new comprehensive compound would involve 120 residential building with whole number of 1928 units to be built via three phases.
Moreover, the firm would establish three new projects amongst the land received of 97 fedans, as part of the Egyptian share in raising the firm's capital.
The firm received a cut of the three lands from the Egyptian government in order to effectuate a deal between the Egyptian and Saudi gov'ts to increase the firm's capita by USD 243mn.
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