Wadi Degla Launches EGP 350 M Promenade Maadi

Monday, 6th June 2016

Wadi Degla Developments, part of Wadi Degla Holding Company, has launched Promenade Maadi Compound, a residential project in Zahraa Maadi, worth EGP 350 million in investments, Daily News Egypt reported.

The compound covers an area of 35,000 square meters and includes 26 buildings, which consist of 200 housing units, including duplex apartments, Wadi Degla Developments CEO, Maged Helmy, said.

The project which will be built over five years is considered as one of the company’s innovative projects, due to the adoption of the construction style on mountains, similar to buildings in Lebanon, Helmy explained.

The project also includes a number of services, such as wide green spaces, administrative and commercial services, spa, gym, and a car care center, as well as parking, housekeeping services, and a security guard. Additionally, the compound is equipped with security cameras to ensure the safety of the compound.

The company was keen to start carrying out Promenade Maadi project in conjunction with the implementation of other real estate and tourism projects to complement the implementation of the company’s expansion plan. This is in addition to the continuation of development of land portfolio,” Helmy concluded.

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