The pioneering real estate company cred has announced the launch of its latest and largest project to date, “Ever New Cairo”, Invest-Gate reports.

In partnership with the New Urban Community Authority, the project is situated in a highly strategic location in New Cairo, spanning over 128.5 acres of land and requiring a total investment of EGP 30 bn.

cred held a press conference at the St. Regis Hotel in Cairo, where Eng. Ahmed Mansour, CEO of cred, revealed all the project details.

Ever New Cairo is part of cred’s expansion plan in various investment areas across the country. Located in Southern 90th Street, the project encompasses administrative, commercial, and residential components. It aims to provide excellent investment opportunities to the public by focusing on meticulous attention to details, such as the master plan, designs, services, and amenities. The prime location of Ever New Cairo further enhances its appeal.

The built-up area of Ever New Cairo covers 350,000 sqm and will be implemented in four phases. It comprises 2,100 residential units, including 500 villas with distinctively unique designs and sizes ranging from 200 to 550 sqm.

Additionally, there will be 1,600 fully-finished apartments of various sizes, along with a dedicated administrative and commercial district. Construction is scheduled to commence in 2025 and continue until 2031.

The entire project is expected to be completed within seven years and will be sold in four phases. The first units are anticipated to be delivered in 2029, with a target sales value of EGP 35 bn.