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Company eyes sales of EGP 11bn by 2020-end, says CEO Mohamed El-Mikawi
Company plans to turn into general developer by end of 2023
Private real estate developers have made recognised efforts in the sector, becoming a catalyst for rapid growth of fourth generation cities.
North Coast development projects promote Egyptian government’s plan of year-round residency in the region
‘We are keen to offer our clients various options that are intended to facilitate overall payment plan,’ says CEO Mohamed Mekawy
Under protocol, they agree to provide convenient payment plans for customers with real estate developers
The virtual tour also lets customers see the varying and unique views from each unit, whether over the sea or the development’s turquoise lakes.
Partnership offers three payment systems for City Edge clients, with maximum 80% limit of housing unit value, says Hussein
Project comes with 10-year payment plan aimed at healthcare workers in gratitude for their frontline efforts against COVID-19
Project has seen rapid progress, with several leading construction companies involved in bidding
City Edge Developments was granted the sole development rights for New Alamein City by the Ministry of Housing and New Urban Communities Authority (NUCA)
“City Edge’s contribution in the Tahya Misr Fund comes within the framework of its strong belief in the necessity of solidarity with the Egyptian community, people and government, in fighting coronavirus, which needs joint efforts between various institutions, whether governmental or a private sector as well as civil society
Earlier, a preparatory meeting of the company’s board was held in the presence of Assem Al-Gazzar, Minister of Housing and New Urban Communities.
Established as a partnership between the New Urban Communities Authority and the Housing and Development Bank, City Edge represents the Ministry of Housing, Utilities, and Urban Communities in the three MoUs, Minister Assem El-Gazzar said.
Sales for first phase reached EGP 700m
During the company’s press conference on Wednesday, Amr El Kady, CEO of City Edge said that the first contract was signed with ASGC Group for EGP1.4bn for the Etapa Square project except for the hotel part of the project, which is being implemented until 2022.
Project spans over 211 feddan in R3 region at NAC
Company concluded EGP 8bn in sales of New Alamein’s skyscrapers
Company showcased project’s first 2 towers in Cityscape Global, received several positive comments