MG Developments has surpassed 40% completion of the Savoy phase in its Blue Blue project in Ain Sokhna, maintaining progress in line with the approved schedule despite economic pressures on the real estate market. The achievement follows the successful delivery of five fully finished phases in the 120,000 sqm development, Invest-Gate reports.

Located in the Windmills area, Blue Blue features six phases comprising chalets, villas, and hotel units, supported by integrated commercial, entertainment, and service facilities. The project includes a 300-meter private beach, areas for marine activities, restaurants, and hotel services.

The Savoy phase is distinguished by its prime location, exceptional design, and the construction of the project’s largest water lagoon—a first-of-its-kind attraction enhancing both visual appeal and recreational offerings. Development is overseen by ACE Moharram. Bakhoum as general consultant, with EMAC Contracting responsible for the lagoon’s construction.

As part of its strategy to strengthen Egypt’s tourism sector, MG Developments is building an international hotel within Blue Blue and advancing four additional tourism and hotel projects in Ain Sokhna.

Mohamed Metawee, Founder of MG Developments affirmed the company’s commitment to delivering high-quality, on-time projects that combine leisure, luxury, and strong investment value.