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Egyptian Gazette
Home Business Real Estate

Madar CEO: LE22b targeted investments in Egypt

by Hamed Mahmoud
November 15, 2021
in Real Estate
Madar CEO: LE22b targeted investments in Egypt 1 - Egyptian Gazette
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JasserBahgat, CEO of Madar Development Company, confirmed that Ain Sukhna has proven its standard efficiency in defying the conditions imposed by the Corona pandemic and announce itself after it became the preferred residence for many citizens during the height of the exacerbation of the crisis and the spread of infection, to be an integrated alternative to services supported by safety, prevention and the magic of nature.

As Ain Sukhna has now turned into an important and wonderful place to reside, especially for the residents of Cairo, and in the near future for the residents of the New Administrative Capital.

Jasser Bahgat said that Madar presented the site of its project to clients as a beach for Cairo and its natural extension in the future because it is along the New Administrative Capital Road, and he pointed out that the current internal road network contributed to saving time to the extent that the journey time to Ain Sukhna became less than the journey time between the assembly and Zamalek.

Bahgat pointed out that the ‘Azaha Ain Sokhna’ site provides its visitors with a unique and unprecedented experience of life on an area of ​​about 400 acres for real estate development. Azha is the largest tourism project in Al-Ain Sokhna region at an investment cost of LE6b in the first projects of the leading mixed-use company, and an investment of the features located with its beach façade extending to about 700 metres in a tourist area very distinctive in its natural beauty, sulphurous eyes and white sand on the coast of the Gulf of Suez in the Red Sea.

The CEO of Madar Development company explained that the project consists of about 2,500 housing units designed with the latest in green architecture technology and modern construction methods in all fields, both in terms of design lines and advanced engineering models, which rely on the latest innovative future ideas in the form and design of residential, administrative and commercial units, in addition to providing the highest standards of security and construction safety to provide the project with all the lines needed from Downtown and 5 star hotels, water games, restaurants, cafes and private beach And a special club for members, stressing that the project provides more than 4 thousand direct jobs as well as thousands of indirect jobs while the company continues to pump investments during the coming period and through distinct projects as it is scheduled to start the company’s second project in the North Coast region next year at an investment cost of LE8b, stressing that the company plans to invest more in many leading projects to build more modern and luxurious communities to reach its investments in Egypt is about LE22b.

 

Tags: AzhaMadarMadar Development

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