By Hamed Mahmoud
As part of a strategy to increase its geographical footprint across the country, “TatweerMisr”, the leading Egyptian Real Estate company, announced its expansions in the North Coast, following its success in the area. The company aims to develop a 200-acres land in partnership with “Kayan for Real Estate Development”, under the name of “D-Bay”, on the Mediterranean with initial investments exceeding LE7 billion.
D-Bay aims to increase TatweerMisr’s overall land portfolio with approximately 845,000 sqm, adding up to more than 5.8 million sqm. The development is set to be located overlooking the crystal blue Mediterranean Sea with an 800-metre-long shoreline and a lagoon, where every home is a waterfront home as an extension to Fouka Bay’s unique masterplan design.
“The establishment of D-Bay is a step closer towards achieving our ultimate vision of developing sustainable, smart and happy communities, while being geographically widespread to ensure that we are offering our clients luxury-standard living in diversified locations” stated Dr. Ahmed Shalaby, President and CEO of TatweerMisr. He continued, “The new project comes in line with the governmental direction of transforming the Egyptian North Coast from a summer destination to an all-year round destination according to the 2052 vision.”
TatweerMisr also revealed its rebranding during its press conference held to announce the company’s expansions in the North Coast. The new branding marks the beginning of a new era of “TatweerMisr Creating Destinations”; it symbolises the journey of TatweerMisr, starting from being a newly-incepted company and progressing into a more mature and well-established company that acts as a major contributor to the real estate sector and the Egyptian Economy as a whole.
Located near 165KM on Alexandria-Matrouh Road in Al-Dabaa area, the latest development in TatweerMisr’s portfolio features more than 1800 units ranging between chalets, villas and serviced apartments. The company has also announced that it targets to develop the project over a period of six years.
Dr Shalaby stated that D-Bay is the latest addition to TatweerMisr’s journey and is considered an extension of Fouka Bay that established itself as one of the most remarkable destinations in the North Coast following its operations in summer 2020. He added, “since our establishment we were able to develop successful and pioneering projects as a result of extensive expertise, team work, and a network of business partners who enabled us to achieve this reputation. Therefore, we will continue to work hard and progress, contributing to the economic growth.”