November 17, 2020

Orange Be Global to develop $300M project in New Valley


ArabFinance: Orange Be Global is currently carrying out a $300 million (EGP 4.68 billion) development in the New Valley (El Wadi el Gedid) Governorate, supply ministry official Ibrahim Ashmawy told Al Mal News on November 15th.

The project is being executed on a land space of 50,000 square meters, Ashmawy noted.

He noted that the New Valley does not have current direct investments, according to Al Mal News.

Orange Be Global’s project will be the first development in the city to be carried out by foreign investments and in participation with a local firm, Ashmawy added.

Last July, the Ministry of International Cooperation reportedly managed to obtain the required financing to carry out several developments in the city.

arabfinance


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