PACT Real Estate Group, an Egypt-based property developer, plans to promote 125 new units by the end of 2016, said Moaaz Wessam, PACT Managing Director, Amwal Al Ghad reported.
Work is currently underway to complete the development of the first phase of the White Bay project, reported Daily News Egypt.
The White Bay project will provide a total of 600 projects upon its completion, to be developed over four phases, Wessam said.
Construction for the second phase of the project, comprising 125 units, is expected to start in the fourth quarter of 2016.
PACT’s total land portfolio is 70 acres, with plans to increase it to 100 acres through a North Coast acquisition, according to Wessam.