Ebny Real Estate Development, a prominent player in the Egyptian real estate sector, has revealed its ambitious strategic expansion blueprint for the year 2024, investing over LE8 billion over the course of the year.
Dr Abdullah Kamel, Chairman of the Board of Directors at Ebny Real Estate Development, declared that Ebny aims to bolster its portfolio through the acquisition of new land parcels and the cultivation of diverse investment prospects; hence the company’s unwavering dedication to growth and sustainability.
Dr. Kamel reiterated Ebny’s fundamental vision of fostering sustainable and harmoniously integrated urban communities, a statement by the company said, emphasizing the company’s steadfast adherence to elevated quality standards and the preservation of long-term investment value across its projects.
This commitment to sustainability extends to Ebny’s initiatives in Upper Egypt, where the company is steadfast in its pursuit of projects that complement the local environment.
With a proven track record boasting a cumulative investment exceeding LE15 billion, Ebny registered remarkable sales totaling LE 3 billion in 2023 and targets a notable increase to LE6 billion in 2024.
Despite the prevailing economic headwinds, Ebny remains resolute in its commitment to deliver the Greene Avenue project in New Sohag by the end of 2024.
This innovative development promises residents a contemporary living experience characterized by verdant landscapes, water features, and integrated smart services.
In collaboration with Vodafone, Greene Avenue also offers residents the convenience of triple-play services, positioning itself as the premier smart compound in Upper Egypt.
Beyond Greene Avenue, Ebny is embarking on the development of the WestWay Mall, a sprawling 10,000-square-meter commercial and entertainment hub adjacent to Greene Avenue. This venture will provide residents and the surrounding community access to an array of amenities, including dining establishments, retail outlets, a children’s recreational area, and a medical clinic.
In response to escalating demand for Greene Avenue, Ebny has secured a 36-acre tract of land for the establishment of Azalia Resort. This project promises a distinctive resort-style living experience accentuated by expansive landscaping, picturesque vistas, and exemplary architectural design.
Moreover, Ebny’s commitment extends beyond the creation of exceptional communities. The company places a premium on robust project management and maintenance practices to safeguard long-term value.
Additionally, Ebny’s initiatives are poised to generate employment opportunities for the youth of Upper Egypt. By aligning with the government’s strategy to alleviate population density, Ebny endeavors to position Upper Egyptian cities as enticing hubs for employment and luxury living.
