City Edge Developments has held a lavish event for the launch of Zahya project in New Mansoura, in the attendance of Daqahlia Governor Kamal Sharobeem as well as a number of leading government officials and businessmen, Invest-Gate reports.

The event featured the beloved singer Assala to remarkably launch the new project.

Sharobeem expressed his happiness with the launch of this new project in New Mansoura, which spans over 7,000 acres.

With works already have started to raise the efficiency of New Mansoura and expand the roads leading to it, the new city will lead to an economic and developmental boom for the whole Dakahlia Governorate.

The new city is expected to accommodate around 700,000 citizens and provide thousands of job opportunities.

“New Mansoura is one of the cities being developed by the New Urban Communities Authority (NUCA) and this city is a continuation for the authority’s role in implementing its development plans by establishing new cities and developing existing cities,” according to Chairman of City Edge Developments Mohamed El Alfy.

Commenting on the news, Amr El Kady, CEO of City Edge Developments, said, “The launch of Zahya is a continuation of the success of the company since its inception. We are proud to continue our fruitful cooperation with NUCA in introducing new projects and products to the Egyptian market and new development areas.

“In the coming period, we aim to market these unique projects to attract foreign investments and promote the advantages of real estate investments in Egypt abroad,” the CEO added.

Located in the heart of New Mansoura, the 1,500-acre project will boast fully finished, high-end luxury villas with areas ranging from 290 to 820 squares meters, in addition to 28-storey towers overlooking the sea and varying in areas between 135 and 350 squares meters.

Units’ prices at the towers start at EGP 24,000 per square meter, while villas are offered at EGP 4.6 mn. Clients are offered various payment plans for up to seven years.

New Mansoura will offer a number of investment opportunities in various fields. A total of 76 acres were allocated for the establishment of Mansoura University, 40 acres for Nahda University, and 40 acres for a smart city. The city will also include logistics and services areas, as well as scientific research centers, a medical city, and technological industries areas.