Edge Holding Group and Sabbour Consulting signed a consulting services agreement to provide general consultancy and supervise the implementation of the former company’s residential project,﹣OIA, in the New Administrative Capital, Invest-Gate reports.

Spanning across 30 acres, OIA is set to be “the island of the New Capital” with greenery landscapes acquiring 80% of the project’s area.

At a total investment cost of EGP 1 bn, the project comprises various services and amenities including a number of sports fields, swimming pools, and tracks, in addition to a community club, a children’s playing area, and a private garage for each resident.

Clients are offered a 0% down payment and installment plan over 10 years, with the price of any OIA unit is set at EGP 8,800 per meter.

Edge Holding Group is an Egyptian-Saudi joint venture (JV) between Egypt’s construction company Al-Borouj Egypt and Saudi-based real estate developer El-Mashareq.