Bad timing forces cancellation of giant tigan project in egypt

The 3.5 million sqm Tigan residential project has been cancelled by the key partners involved, Egyptian developer Orascom and its subsidiary Madinet Nasr Housing.

They have decided to cancel the Tigan project because the timing is not right.

The two companies reached this conclusion "in light of the recent changes in the real estate industry and the unsuitable timing to launch a huge and luxurious housing project," Orascom told OPP.

Source: OPP.org.uk