El Batal Developments has announced its first expansion in 2024 with the launch of Rock White compound in the heart of New Heliopolis City, investing EGP 6 bn, Invest-Gate reports.

The announcement was made during a press conference attended by company executives, media, and journalists.

Emad Doss, CEO and Managing Director of El Batal Developments, stated that Rock White is part of the company’s expansion plan, which includes five major projects in East Cairo slated for 2024, with investments exceeding EGP 10 bn.

Doss emphasized that El Batal Developments will handle all development, construction, and marketing for Rock White, a project in partnership with the National Asset Management and Investment Company.

The Rock White compound spans 25.52 feddans in New Heliopolis City, located just a minute from the Suez Road and directly on Baron Axis. The project boasts proximity to Cairo International Airport and several strategic health, education, and sports facilities.

Doss highlighted that Rock White will feature a residential section comprising 30 buildings with 770 fully finished units. The units range from 117 to 236 sqm, catering to diverse customer needs and preferences. El Batal Developments aims to begin delivering units in December 2028, with the project being released in four sales phases.

Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority (EFSA), praised El Batal Developments as a leading real estate developer, noting that their collaboration will bring added value to the market.

Samy mentioned that Rock White is situated on a prime piece of land owned by the National Asset Management Company in the ninth district of New Heliopolis City.