EDGE STONE, a prominent real estate development company, has announced the launch of a new phase of its distinguished Moraya project in the New Administrative Capital’s R8 district, Invest-Gate reports.

This phase will feature competitively priced units with attractive payment plans and fully finished units, including air conditioning. The first deliveries of the project are expected within two years.

Tarek Zain, CEO of EDGE STONE, stated that this new phase aims to meet the increasing demand from clients, especially given the high completion rate of the project and the approaching delivery date. Zain emphasized that clients seek unique projects and experienced real estate developers with strong financial backgrounds, all of which are attributes of the Moraya project.

Moreover, Zain added that construction progress on Moraya has reached 70%, spanning 25 acres and involving a total investment of EGP 3 bn.

Furthermore, over 80% of the project’s area is dedicated to green spaces and recreational facilities, ensuring its clients the highest quality of life and luxury.

Zain highlighted that the company employs over 400 staff members and 500 workers and owns various substantial assets, including a cement brick and block factory, a complete central concrete plant, a fleet of more than 50 service vehicles, and integrated industrial workshops.

Also, EDGE STONE has a land portfolio of up to 150 feddans in diverse locations, such as the North Coast and Mostakbal City. The company plans to launch a new project on part of this land portfolio before the end of the year.

Notably, this expansion reflects EDGE STONE’s commitment to delivering high-quality developments and meeting the evolving needs of its clients.