Elgabry Developments, a leading real estate development and contracting company, has unveiled its latest project, IRA, in the New Zayed area, as part of its strategic expansion plan in West Cairo, Invest-Gate reports.
With an investment commitment of EGP 3 bn over the next three years, the company aims to bolster its presence in the competitive real estate market.
The IRA project spans an impressive 22.5 acres and occupies a prime location facing Beverly Hills, featuring 118 units that comprise separate villas, twin houses, and townhouses, catering to diverse customers’ preferences.
Additionally, a commercial mall spanning 1,700 sqm will be integrated into the development, further enhancing the overall experience for residents and visitors alike.
Muhammad Shendy has been appointed as a consultant for the IRA project, ensuring a high-quality end product that can effectively compete in the market while meeting the evolving demands of customers. The company has set a three-year timeline for project completion and delivery.
Chairman Mohammed Elgabry expressed confidence in the expansion strategy, citing the region’s promising growth potential and the government’s dedicated efforts in developing new urban communities that align with Egypt’s future vision.
Elgabry emphasized that the company’s established track record and financial strength will underpin the success of its projects and foster trust among its valued clientele.
Ehab Elgabry, Vice Chairman of Elgabry Developments, highlighted the company’s extensive experience in the field of development and contracting, particularly in the New Zayed City and the green belt area, where they have successfully executed four projects totaling 371 residential villas, in addition to service areas.
Furthermore, Ahmed Azmy, the company’s Chief Commercial Officer, emphasized the significance of well-planned expansion strategies to compete in a market bustling with major real estate developers.
Azmy affirmed the company’s commitment to tailor-made solutions for customers, offering flexible payment systems and alternative plans to meet individuals’ requirements.
In line with their growth objectives, Elgabry Developments intends to collaborate with major management and maintenance companies to ensure a distinctive and enduring real estate product for their valued customers.
The IRA project marks another significant milestone in the company’s journey to contribute to the dynamic development landscape of Egypt’s New Zayed region.