El Attal Holding: EGP 700 Million in ParkLane Sales in the New Administrative Capital to Date.

Ahmed El Attal, Chairman of EL ATTAL HOLDING, stated that the company plans to invest approximately EGP 350 million in the construction of its ParkLane project in the New Administrative Capital during 2020. He explained that the company had already begun soil testing and site preparation works and was scheduled to commence full excavation by the end of that week. He also confirmed that the company planned to construct two of the 32 models launched during the project’s first phase, allowing customers to experience them on-site by the end of March. El Attal added that the company had achieved approximately EGP 700 million in sales for the project within just seven months of its launch in March, with a target of reaching around EGP 1 billion in contracted sales by the end of the year. He noted that the project includes both residential and commercial-administrative components under the name “The Pavilion,” spanning 13,800 square meters, with the company targeting approximately EGP 400 million in sales from this component by the end of the year.