NASR CITY for Housing       3من اصل5

& Reconstruction Pioneer of building new Cairo
which made the company allocates amount of one million pounds to
develop several slums and activating awareness programs and development
in Nasr City.
Nasr City Company for Housings, Reconstruction made a name for itself
as a pioneer in the reconstruction and development of modern Cairo, as
the company developed most of Nasr City, which occupies an area of
more than 40 million square meters that combine about 3 million people.
Today, the Nasr City Company for Housing and Reconstruction is one of
the basic pillars of this community, owning potentialities that qualify it to
manage the process of transformation that is built on this heritage and
transferred the Nasr City Company for housing and reconstruction to a new
era of its honorable professional history.
In December 2006, Bloton company for direct investment bought 31.18%
of shares of Nasr City Company for Housing and Reconstruction through a
public purchase, and the purchase was accompanied by far- reaching
reforms of the company, as a new management team has been appointed
in March 2010 combines a mix between international expertise, and local
know- how, the task of the Department is represented in the
implementation of the new company’s strategy in the restructuring of the
operations, as well as to optimize the use of the company’s lands. New
strategy focuses on the extraction of real value of assets of the company’s
lands, which of a space of 10 million square meters, the property is not
under any disputes or Jegal problems or any time limitations for
development, which ensures the solidity of the company’s financial position
in the unfavorable economic conditions.