6 October City
A wrap-up of the most prominent business news of the day
The government’s share in the project will be 26 percent, where it will acquire LE 25 billion from the project sales and 420,000 square meters of buildings.
New Cairo topped the list, offering 18,000 units in the project, followed by 6th of October City with 15,000 units.
The government reclaimed Monday 2,000 faddens of the state property located in 6 October city amid the state’s campaign against the squatters.
The prosecution called in Najd Mohamed Khamis, wife of former Egyptian Prime Minister Atef Ebeid and CEO and owner of an orphanage in 6 October City, to testify regarding incidents of child abuse that allegedly took place in the orphanage.
The world’s fifth-largest generic pharmaceutical company, Sun Pharma, inaugurated its first production unit in 6th October City on Monday.