Developer X, a subsidiary of the Shoura Group, has signed a joint development agreement to complete the second phase of the Bianchi Sidi Abdel Rahman project on the North Coast, Invest-Gate reports.

On this occasion, Ashraf El-Shiaty, chairman of Shoura Group, states that his agreement comes within the company’s plan to cooperate with strong successful partners who have a distinguished business record.

Ahmed Fouad, CEO of Developer X, remarks that the agreement includes completing the development of the residential tourism project, Bianchi Sidi Abdelrahman, in a partnership system with Bianchi company, whereby Developer X will undertake all execution work of the project, including planning, designing, developing, building and marketing.

Fouad explains that Bianchi company has completed the development of the first phase of the project and handed it over to customers with a total of about 200 units, noting that Developer X will complete the project’s second phase with a total area of ​​104 acres in the North Coast in the privileged area of ​​Sidi Abdel Rahman. The project includes chalets, villas, twin houses, townhouses, a hotel, lakes, and an entertainment area, as well as a commercial area that provides integrated services to clients.

Moreover, Developer X has contracted with the English company BDB to prepare the project designs in partnership with SA ARCHITECTS. Moreover, Essam Abaza was chosen as a general consultant for the project. He further elaborates that the company plans to debut the project this summer, provided that the official announcement will be soon.

Additionally, Fouad stresses that the project includes various unique selling points that fill out all the gaps in the demand space; those include, lagoons, a prime location, integrated services, and cooperation with honorable and successful partners along with the project phases.

For his part, Nagi Erian, chairman of Bianchi for Tourism and Real Estate Investment highlights the importance of partnership between developers to reach an integral to support the comprehensive urban development that the state is currently implementing, noting that partners must be selected based on several determinants, namely, strong and distinguished work experience, which all are met at Developer X.

Furthermore, Erian explains that the completion of the remaining phases of the project by Developer X represents a strong addition to the entire project, as new phases include many services and recreational activities to serve the entire project, including that of the phase that has been delivered to customers.

The agreement was signed by Ahmed Fouad, CEO of Developer X, Nagi Erian, chairman of Bianchi for Tourism and Real Estate Investment, and Sherif Gerges, board member of Bianchi for Tourism and Real Estate Investment.