Al Safwa Urban Development Company (SUD) has celebrated the handing over of “Sunset Resort 3”, the largest residential and summer resort in Ras El Bar, at the presence of high profile people.
Comprising more than 1,300 fully-finished summer units, which have been built on an area of 131,000 square meters and distributed on 110 residential buildings, the ‘Sunset Resort 3’ is located in the famous Gerby area directly on the River Nile.
During their speech at the delivery ceremony, Dr. Medhat Shalaby, SUD Board Chairman, and Mr. Mohamed Shalaby, CEO and Managing Director of the company, expressed their deep happiness at the delivery of the Sunset 3 project, which is considered the largest residential and resort housing project in Ras el-Bar at all.
For his part, the board chairman said that the SUD Company has been keen to deliver all units of the project fully finished, using in such a concern high-quality materials, so that the units become habitable from the first day after handing it over.
He added that the SUD sets its sights on satisfying customers and create advanced urban communities and a different and distinctive lifestyle that represents an added value to customers, based on a belief that the company is ‘real estate developer not an investor’.
Since its inception in 1996 till present, the SUD Company has succeeded in developing 25 projects diversified in various governorates of Egypt. These projects include residential communities, commercial centers, tourist resorts, medical, educational and sports projects, all of which are characterized by a mixture of modernity and originality.
The company also owns a portfolio of projects in various governorates, starting from the Greater Cairo to the New Administrative Capital, where the company owns 5 projects for residential, commercial and administrative purposes.
The company signed a co-operation protocol with the Arab Investment Bank to provide finance for customers wishing to purchase housing units according to the terms and conditions of finance initiative launched by the Central Bank of Egypt for middle-income people. The installments are up to 20 years.
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