Aiming at enhancing its sales and implementation plan of the Lake West project in New Sheikh Zayed City, Cairo Capital Constructions announces that it has restructured its board of directors, Invest-Gate reports.

Chairman of Cairo Capital Developments Yasser Khalaf declares that Lake West’s implementation rate of its first phase has reached 40%, adding that 85% of the first and second phases have been marketed, according to the project’s sales plan.

Lake West spans over 43 acres in New Sheikh Zayed City, located on the Waslat Dahshur Road. It offers residential units with spaces ranging from 256 to 385 m, as well as 12 commercial units. In addition, the project is self-financed.

According to his official statement, Khalaf confirms that he is the sole owner of Cairo Capital Constructions. He says, “the company has no other partners and we are the sole developer of Lake West.” Lake West is the companies only project.

Yet, the chairman highlights Cairo Capital Constructions expansion plan and investment opportunities it currently studies, especially in new cities. He further stresses that the Egyptian real estate market is witnessing a real boom.