Al Ahly Sabbour announced that 2023 is the year of deliveries, as the company earnestly seeks to deliver over 4,000 residential units in its various projects nationwide by the end of this year, Invest-Gate reports.

The deliveries are focused on the GAIA projects in the North Coast, Green Square, and L’Avenir in Mostakbal City. These accomplishments come after the company invested EGP 5 bn in construction across all its projects. The company have already delivered 530 units in GAIA and plan to deliver another 500 units before the beginning of the next summer.

A strategic cooperation agreement between Al Ahly Sabbour Real Estate Development Company and Nataq Al-Awwal Real Estate Development Company with the Ministry of Municipal and Rural Affairs and Housing in the Kingdom of Saudi Arabia was signed on the sidelines of the Cityscape Global Exhibition in Riyadh.

For his part, Ahmed Sabbour, Chairman of the Al Ahly Sabbour, stated that the company aims to achieve a targeted sales volume of EGP 11.5 bn in 2023, of which they have achieved approximately EGP 8.5 bn since the beginning of September.

In addition to establishing four new companies that join Al Ahly Sabbour, the number of subsidiaries increased to 19 companies; Grandy for finishing works, furnishing services, and interior decoration. The second company will specialize in project marketing and provide consulting and development for the company and third parties.

As for the third company, Eltzam, in partnership with the “Eltizam” Group, focuses on real estate asset management, facility management services, and maintenance of integrated residential complexes in our projects and third-party projects. The fourth company will be dedicated to non-residential components in Al Ahly Sabbour projects, including hotels, commercial and administrative buildings, medical facilities, clubs, and more.