El Serafy: We are establishing a new development model with investments of EGP 70 billion (equivalent to USD 1.4 billion).
Rizk: Sumou Boulevard Mixed Use Development spans over 500,000 square meters, enabling the design of a fully integrated urban environment.
As part of a shared regional vision, PARAGON | ADEER, the Egyptian-Saudi alliance combining global-standard development with real estate investment, announced the launch of Sumou Boulevard Mixed Use Development, the renewed urban destination in New Cairo, during a celebration attended by a distinguished gathering of leaders. The project emerges as one of the Middle East’s premier mixed-use destinations, reflecting the alliance’s commitment to delivering a comprehensive development model that aligns with the aspirations of modern cities and meets the needs of the next generation, Invest-Gate reports.