Atric Developments CCO, Mohamed Khattab, discloses the launch of the second phase of the Resort Boho El Sokhna project under the name, Riveri, which consists of standalone villas and townhouses directly on the sea, Invest-Gate reports.

Boho El Sokhna is the company’s third project that covers 20 acres, encompassing 300 units with EGP 1.5 bn of investments. It is located on Zafarana Road, 3.5 km from the second exit of the New Galala Road. The implementation rate of the project has exceeded 62%. Besides, the first phase will be delivered by the end of 2022.

Moreover, the project contains a hotel with investments of EGP 250 mn and a capacity of 100 hotel rooms directly on the beach. Atric Developments will announce soon about the English company that will manage and operate the hotel.

Khattab confirms in his statements that the company aims to launch two new projects during the next year 2022; the first in the North Coast on an area of ​​200 acres in Ras Al Hekma area. The second one in New Cairo on an area of ​​70 acres, with investments of EGP 6 mn to EGP7 mn.

For her part, Monia Ghareeb, the head of sales, elaborates that the company is presenting special sales offers on the occasion of the launch of the second phase of the Boho project.

Furthermore, Gharib explains that the project is characterized by its multiple facilities, including swimming pools, clubhouse, aquapark, artificial waterfalls, entertainment areas for children and adults, a commercial area. It also features a jogging track and a cyclist, a gym, a spa, restaurants and cafes, equipped medical clinics, pharmacies, and security and guard 24 hours.

Gharib further indicates that the units’ areas in the project vary from 63 sqm to 310 sqm. Adding that the company is currently implementing two integrated projects.

The first is the BoardWalk project in the New Administrative Capital (NAC). This project spans over ​​45 acres in the R7, comprising 1,500 units area, with a total investment of EGP 4 bn. The project’s construction rate has exceeded 53%. Besides, the company has sold about 75% of it. The last phase will be opened before the end of this year.

The second one is a commercial project attached to the BoardWalk but, it is a separate project on a building area of ​​30,000 sqm, and it will be launched during Q1 of 2022.