Minister of Housing and New Communities Moustafa Madbouli announced that four memos of understanding were signed on the sidelines of Sharm el Sheikh economic conference to establish urban projects in 6th of October City and other cities at investments reaching more than 13 billion dollars.

In statements on Sunday 15/3/2015, the minister said that the agreements which were signed with Egyptian, Arab and British companies cover establishing new malls and housing projects in New Cairo, Sheikh Zayed, Damietta and the Tenth of Ramadan City.

MENA