EBNY Developments to Invest EGP 8 Bn in Real Estate Sector in 2024

EBNY Developments to Invest EGP 8 Bn in Real Estate Sector in 2024

EBNY Developments has announced its strategic and expansive plans in the Egyptian real estate market for 2024, marking a significant contribution to its rich history in construction and development, Invest-Gate reports.

For his part, Abdallah Kamel, Chairman of EBNY Developments, highlighted the company’s massive investment plan for 2024.

Moreover, Kamel emphasized the company’s vision of sustainable urban communities that harmonize with the surrounding environment, providing residents with the highest quality standards to preserve the investment value of these communities.

Furthermore, Kamel mentioned ongoing projects in Upper Egypt, particularly in the newly established city of Sohag, alongside administrative and commercial projects in Cairo, reflecting architectural pillars aligned with the country’s modern urban renaissance.

Also, despite economic challenges in the real estate sector, Kamel noted the commitment to delivering the Green Avenue project in New Sohag in 2024. Additionally, the project maintains its promised features, including green spaces, water bodies, and modern smart services, ensuring customer comfort and security according to the highest modern construction standards.

Notably, the Green Avenue project, situated on 20 feddans, represents the company’s first venture in New Sohag, offering a fully integrated residential compound and introducing the first smart compound in Upper Egypt.


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