EGYGAB Developments, a subsidiary of Egyptian real estate developer EGYGAB Holding, launches the third phase of Granda 1, its most recent residential development in Al-Shorouk City on the outskirts of Cairo, Invest-Gate reports.

“Granda Al Shorouk is a modern community, providing amenities and facilities homebuyers are seeking in an area that offers proximity to Cairo and everything else that you can find in the city,” says EGYGAB Holding CEO Mohamad Gaballah.

The company’s Granda I, comprising more than 427 apartments, penthouses and villas, will start its deliveries in 2018. Granda I has already sold more than 45% of its units with apartments ranging from 101-216 square meters, penthouses with an area of 301 square meters and grand villas ranging from 400-450 square meters.

Granda II, EGYGAB’s second residential project in the city, will feature over 550 units including Town villas, apartments, and penthouses.

Both compounds feature a number of well-appointed facilities and amenities, including parking space, football, sports outlets, kids’ playing areas, nursery, gym, and a health club.

EGYGAB has a track record of more than three decades of successful construction projects in Egypt. The company began by building several private and governmental projects and expanded to include national and international sectors.

“We are a proud Egyptian company, having operated in the country since our inception in the 1970s,” says Gaballah. “We believe in developing the sectors and supporting the communities in which we operate. The depth and breadth of our work in construction, trade, agriculture and education provide opportunities to enhance the lives of Egyptians on every level. We look forward to continuing to expand our core competencies and offer even more opportunities for growth and development in the future.”