Beta Egypt for Urban Development announces the onset of handing over the first phase of its Beta Greens New Cairo compound, located in New Cairo’s Mostakbal City, fulfilling its obligations towards customers, Invest-Gate reports.

Alaa Fekri, chairman of Beta Egypt says that the company’s strategy is based on expediting implementation rates of the projects, adding value, and delivering units with top-notch specifications and quality.

Fekri adds, “The  company’s  keenness  on  value-adding manifests in it picking outstanding plots of land and  sticking to specifications, namely spaces and services, with the aim of creating value for the new urban communities and the entire real  estate sector.”

The project’s construction work was ordered to commence even amidst the pandemic headwinds, as the company plans to accomplish the housing units in a record time, he explains.

Moreover, Fekri points out that the first, second, and third phases of the project include 292, 250, and 188 units respectively, as the company provides various payment schemes, ranging from a 10%  down-payment and installments with a 10-year tenure.

With EGP 1 bn of target contractual sales set for the remaining units at the compound, up to 70% of the entire project has been accomplished, he notes, mentioning that the villas’ construction has just finalized, as both the cultivation stage and growing trees at public areas are underway. It is worth highlighting that Beta Egypt strives to execute a project in west Cairo, according to Fekri.