Cairo - Mubasher: Landmark Sabbour signed a memorandum of understanding (MOU) with Lakeside for Real Estate and Touristic Investments to cooperate on a new project in New Cairo with total investments of EGP 10 billion.
The mixed-use project will be built on a 344,000 square-metre land owned by Lakeside, according to a company statement.
The agreement was signed by the Ahmed Sabbour, the CEO of Landmark, and the chairman of Lakeside, Hamed Al Hodairy, during a ceremony that took place on the project’s site and hosted Mohamed Abd El Aziz, the Libyan Ambassador to Egypt, Salem Heneish, the managing director of the Libyan Foreign Investment Company, as well as the company’s chairman and board members.
