El Batal Developments Co. has unveiled plans to launch five new projects in 2024, with an investment of EGP 10 bn, Invest-Gate reports.

These projects will be situated in the New Administrative Capital (NAC), Sheraton, and New Heliopolis, and details will be revealed throughout the year.

For his part, Emad Doss, CEO and Managing Director of El Batal Developments, emphasized the company’s commitment to significant investments to enhance its expansion strategy in the real estate market. “We aim to attain sales of about EGP4 bn this year,” Doss stated. In 2023, the company achieved contractual sales of approximately EGP 3 bn, and it is poised for further growth.

Moreover, the new ventures include two commercial projects on the Bin Zayed Axis, a mixed-use development encompassing residential, hotel, and commercial spaces on the Al Amal Axis in NAC, a new residential compound in Sheraton Heliopolis, and another residential compound on Suez Road in New Heliopolis.

Furthermore, El Batal Developments boasts a legacy of over 45 years in the real estate sector and was among the pioneers in expanding beyond Egypt, notably in the Canadian market. The company has delivered notable projects under the “Rock” brand in east and west Cairo.

Also, these include Rock Eden in 6th of October, Rock Ville in Obour, Rock Vera in the 5th Settlement, Rock Capital 1 in NAC, and Rock Gold, the first gold and beauty mall, also in the 5th Settlement.

Notably, this new wave of projects underscores El Batal Developments’ ongoing commitment to growth and innovation in Egypt’s real estate landscape.