Al Ahly for Real Estate Development – Sabbour announced on February 20 a new mixed-use compound in Mostakbal City with investments of EGP 32 bn, Invest-Gate reports.

“The City of Odysia” will be built over an area of 578 acres and is expected to house 12,000 family, Ahmed Sabbour, managing director of Al Ahly for Real Estate Development – Sabbour, announced during a press conference.

The developer will launch the sales of the first phase on March 1, offering 1700 units with expectations of achieving EGP 2.25 bn in sales.  

The announcement was made in a joint conference with El Mostakbal for Urban Development, the master developer of Mostakbal City, along with Hill International, which will be managing the design and construction of the project.

The project’s master planning and urban design will be carried out by Gensler Architects while Jones Lang LaSalle (JLL) will provide consultancy services on the development and will be in charge of leasing the Central Business District.