Modern and high-end development central to Egypt's new cities model


PROJECT: Cairo Festival City
VALUE: LE30bn ($1.7bn)
DEVELOPER: Al Futtaim Real Estate Group
DESCRIPTION: Spanning over 3m sq metres of land, Cairo Festival City is a mixed-use urban community that includes shopping, residential and office space.

PROJECT: Zizinia El Mostakbal
LOCATION: Mostakbal City
VALUE: LE1.2bn ($66.1m)
DESCRIPTION: Zizinia El Mostakbal is a fully integrated and planned city of 294,000 sq metres, which aims to offer affordable luxury and a community atmosphere.

PROJECT: IL Monte Galala
VALUE: LE16bn ($891m)
DEVELOPER: Tatweer Misr
DESCRIPTION: The coastal IL Monte Galala development covers over 2.2m sq metres and almost 1.4 km of beachfront, taking advantage of the natural landscape.

PROJECT: North Edge Towers
LOCATION: North Coast - New Alamein
VALUE: LE3.5bn ($195m)
DESCRIPTION: The first and only towers on the New Alamein waterfront are designed to be self-sufficient and encourage year-round living on the northern coast.

LOCATION: New Capital
VALUE: LE35bn ($2bn)
DEVELOPER: Talaat Mostafa Group
DESCRIPTION: Celia combines green spaces and water features with urban amenities like retail and entertainment venues to create a vibrant family environment.

LOCATION: Red Sea Coast
DEVELOPER: Soma Bay Development Company
DESCRIPTION: Soma Bay is a 10m-sq-metre, self-contained coastal resort on the Red Sea. About 5 km in length and 2 km wide, the bay is accessed via a private road and features diving facilities and five resorts.

PROJECT: Eastown
VALUE: LE10bn ($567m)
DESCRIPTION: Eastown combines quiet, landscaped parks and lawns with proximity to the capital city. The highest point, at 18 metres, boasts picturesque views.

LOCATION: Mostakbal City
VALUE: LE4bn ($226.4m)
DEVELOPER: Landmark Sabbour
DESCRIPTION: The Aria compound houses 175 villas and 1500 apartments, and is designed to have open and green spaces, modern design and advanced facilities.

PROJECT: Sahl Hasheesh
LOCATION: Red Sea Coast
DEVELOPER: Egyptian Resorts Company
DESCRIPTION: Sahl Hasheesh City on the Red Sea coast is a 12-km-long bay renowned for its reefs and pristine waters. It is a self-sustaining resort city with a year-round community of residents and visitors.

LOCATION: New Capital
DEVELOPER: Misr Italia
DESCRIPTION: IL Bosco is designed as a welcoming family retreat with high-end living spaces, reflecting a new urban ecology. The development is secluded in parkland but well connected to the fabric of the city.

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The Report: Egypt 2019

Construction & Real Estate chapter from The Report: Egypt 2019

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