Egypt’s Al-Dawlia Developments has announced that plans are underway to invest 250 million Egyptian pounds ($14.1 million) in its residential project, Regent’s Park Compound in Fifth Settlement district, New Cairo this year.

496 housing units with spaces ranging between 100 and 300 square metres besides a commercial centre, swimming pools and gardens, are major plans included in this project, the firm’s general manager Ahmed El Nesr revealed on Wednesday.

“We have so far executed 80 percent of the project, which is set to be completed within the current year,” El Nesr added. Regent’s Park is with investments of 1.5 billion Egyptian pounds ($83.6 million), he earlier said.