Crest Development has announced its entry into significant partnerships as part of its 2024 expansion plan to establish itself as a prominent real estate developer, Invest-Gate reports.

This announcement was made during the launch of a land portfolio in the Fifth Settlement area of New Cairo.

Dr. Abdel Aziz El-Ganzouri, Founder and Chairman of Crest Development, stated that the company possesses a diverse portfolio of lands in the Fifth Settlement of New Cairo. Currently, negotiations are underway with Urban Edge Developments to form a partnership for the development and marketing of several new projects in the Fifth Settlement.

Additionally, Crest Development will enter into a contract with the engineering consultant International Engineering Consultancy (IEC) and MRB for management and operation. These partnerships will facilitate effective coordination among the involved parties to deliver state-of-the-art smart buildings.

Dr. El-Ganzouri further explained that Urban Edge Developments will assume responsibility for selecting project participants and overseeing their coordination. They will also choose the project management company and international brands that will be featured in the developments.

He emphasized that real estate is a secure investment, especially in the current market, and highlighted the favorable conditions for investment in the real estate sector in 2024. He noted that customers have shown high demand for Crest Development’s projects due to concerns about price inflation.