Eden Development, a prominent player in the Egyptian real estate sector, has announced a partnership with Emirati businessman Ahmed Al Mansouri to develop the SEQUOIA project, a luxury tourist resort on Egypt’s North Coast, Invest-Gate reports.

This strategic partnership involves a substantial investment of over EGP3 bn, promising significant returns for our investors and contributing to the economic growth of Egypt.

For his part, Omar Tweer, General Manager of Eden Development, highlighted that this collaboration is part of the company’s broader strategy to diversify its investment portfolio. He described the SEQUOIA project as more than just a development but a global experience that will enhance its portfolio.

Furthermore, Tweer emphasized that this partnership aligns with Egypt’s national development goals, which aim to promote investment in fourth-generation cities and the North Coast.

Also, these regions have seen substantial government support for developing smart cities that adhere to global standards, positioning Egypt as a leader in urban development.

Eden Development’s strategic plan aligns with the growth and development initiatives spearheaded by President Abdel Fattah El-Sisi, contributing to Egypt’s urban renaissance.

Notably, the collaboration signifies the UAE’s confidence in the Egyptian real estate market, recognizing its shift towards comprehensive urban development. The SEQUOIA project marks a significant milestone in this transformative journey.