General Manager of El Tayebi Developments Omar El Tayebi has unveiled that his company intends to launch a new project in the New Administrative Capital (NAC) during Cityscape Egypt next March, Invest-Gate reports.

El Tayebi exclusively told Invest-Gate on January 10 that the compound is set to stretch over 40 acres in the NAC and will comprise 1,750 units, pointing out that the project is self-financed. However, the developer is still seeking to obtain a ministerial approval for its development.

He elaborated that the company is currently developing West Alley – which is located inside West Golf, neighboring Katameya Heights, New Cairo – on an area of 4,200 square meters and is scheduled for delivery within two years.

Meanwhile, the developer is also establishing another project in New Cairo, Western Ville, on an area of 3,700 square meters, which comprises seven buildings, a swimming pool, and a kids area.

According to the general manager, Western Ville’s investments reached EGP 130 mn and will be delivered in early 2020.

Established in 2006, El Tayebi Developments is a privately owned corporate company that has delivered a total of ten projects so far, while still owning a 100-acre land bank in New Cairo, Maadi, and NAC, according to El Tayebi.