MICHANIKI S.A.
Michaniki Egypt - Purchase of land plot in the city of Cairo
MICHANIKI Group of Companies announces the purchase of a land plot in Cairo from the subsidiary company Michaniki Egypt Real Estate and Tourism Enterprises SAE.
The land plot, which is the second one acquired by the Group in the country of Egypt has a total surface of 147,500 sq.m and is characterized by its great accessibility. It is located in the region of El Azezeya-Cairo, in the 20th km of Alexandria Desert Road (the main highway connecting Cairo with Alexandria), 6.5 km from El-Remaya Square where the new archaeological museum of Cairo is developed, 7.5km from the archaeological site of Pyramids and 2 km from Cairo Ring Road. The plot is located between brand new elite residential complexes and the new business centre of Cairo where the headquarters of foreign multinational companies are residing as well as close to the prototype Smart Village business park. The land plot was purchased for 11.3 million euros.
The land plot, which is the second one acquired by the Group in the country of Egypt has a total surface of 147,500 sq.m and is characterized by its great accessibility. It is located in the region of El Azezeya-Cairo, in the 20th km of Alexandria Desert Road (the main highway connecting Cairo with Alexandria), 6.5 km from El-Remaya Square where the new archaeological museum of Cairo is developed, 7.5km from the archaeological site of Pyramids and 2 km from Cairo Ring Road. The plot is located between brand new elite residential complexes and the new business centre of Cairo where the headquarters of foreign multinational companies are residing as well as close to the prototype Smart Village business park. The land plot was purchased for 11.3 million euros.