Naia Development has announced a significant increase in its investments in Egypt, reaching EGP 46 bn, Invest-Gate reports.

This move is part of the company’s ambitious expansion plans, which include ongoing development of its 252-acre land portfolio, strategically located between West Cairo and Ras El Hekma on the North Coast.

In a recent press conference, Naia Development outlined its future strategies. It celebrated the achievements of its flagship projects: Naia Bay in Ras El Hekma and Naia West in New Zayed City.

For his part, Hisham El-Danasoury, CEO of Naia Development, highlighted the company’s commitment to creating vibrant communities tailored to the needs of modern families. Since its inception in 2021, Naia has gained the trust of local and international clients, contributing to the high-quality standards observed in its projects.

Moreover, El-Danasoury emphasized that Naia has ramped up its Egyptian real estate market activities, aligning with the government’s urban development initiatives. He emphasized the company’s keenness to provide integrated communities with high quality amenities and services.

Furthermore, Mohamed Farag, Vice Chairman for the Commercial Sector at Naia Development, provided further insights into the company’s projects. Naia Bay, situated on a prime coastal stretch in Ras El Hekma, spans 470,400 sqm and offers a variety of properties, including villas, twin houses, townhouses, and chalets. The project boasts breathtaking waterfront views and world-class amenities.

Also, Farag confirmed that the first phase of Naia Bay will be delivered in 2025, with strict adherence to the project’s timeline and quality standards. Notably, Farag announced the launch of “Fira,” a new luxurious phase featuring standalone villas. Designed with a strategic leveling plan, each villa offers residents direct sea views and complete privacy.

Regarding the Naia West project, Farag stated that it covers 140 acres and is only minutes away from the heart of Sheikh Zayed and October 6 Cities. The project was created in collaboration with Raafat Miller, a preeminent Middle Eastern provider of comprehensive design and management consulting services.

According to Farag, the company is also aunching a new residential area called Alana, which has already attracted a lot of interest and had sales of EGP 2 billion before the official launch. Kyme Alchemy, a top design firm, has been tasked with finishing the Alana units.