AL QAMZI Developments, Dar Alalamia Construction Seal EGP900 Mn Deal for ‘Seazen’ Phase Two

AL QAMZI Developments, Dar Alalamia Construction Seal EGP900 Mn Deal for ‘Seazen’ Phase Two

AL QAMZI Developments has solidified a crucial partnership with Dar Alalamia Construction to commence the second phase of the esteemed “Seazen” project on Egypt’s North Coast, Invest-Gate reports.

Valued at EGP900 mn, this collaboration underscores AL QAMZI Developments’ dedication to teaming up with reputable firms to accelerate project completion while maintaining exceptional quality standards.

Dar Alalamia Construction, renowned for its significant contributions to the Egyptian market with a portfolio exceeding EGP20 bn, brings its wealth of experience. The company has made its mark across various sectors, including residential, administrative, service, and tourism projects nationwide.

For his part, Yasser Zidan, Chairman of AL QAMZI Developments, reiterated the company’s commitment to advancing projects, particularly the groundbreaking “Seazen” initiative. Positioned as pioneering, Seazen aims to revolutionize Egypt’s housing sector by delivering unmatched value and quality.

Moreover, the comprehensive agreement with Dar Alalamia covers the entirety of the second phase, including villas and chalets across five designated areas spanning 55,000 sqm. Completion is expected within a swift 15-month timeframe.

Furthermore, situated on a sprawling 204 feddans expanse at km 170 in the Dabaa region, the Seazen project represents a total investment of EGP14 bn. The development offers 2,200 fully finished units with kitchens and air conditioning and promises luxury living with panoramic sea views.
Strategically designed with an elevation gradient exceeding 47m above sea level, all units boast breathtaking ocean vistas.

The project prioritizes green spaces, encompassing over 85% of the area, and includes three clubhouses catering to diverse interests. Three heated swimming pools, a state-of-the-art gymnasium, and a unique wave pool are featured, enhancing the project’s appeal.

AL QAMZI Developments remains committed to completing the Seazen project within five years, marking a significant milestone in its mission to redefine luxury living in Egypt.

Notably, AL QAMZI Developments was Established in 2010 as a subsidiary of the esteemed AL QAMZI Group; the company has joined forces with Egyptian businessman Yasser Zidan to pursue ambitious expansion plans, signaling a new era of growth and innovation in the Egyptian market.

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