With EGP 2.2 bn of investments, Ezan Developments, one of the subsidiaries of EGYGAB Holding, launches its project The Median Residences in New Cairo, Invest-Gate reports.

Chairperson of Ezan Developments Sherihan Gaballah discloses that Median Residences is a residential and commercial project, covering 20 acres in New Cairo. The project is characterized by a distinctive and unique location overlooking the entrances to the Fifth Settlement.

Moreover, the project consists of three phases, encompassing 1,400 residential units and 100 commercial units. According to the project schedule, work on the project will start at the end of 2022 and all its phases are scheduled to be delivered within four years, in 2025, Gaballah elaborates.

She further explains that the choice of the project location has come in a pivotal area in front of Cairo International Airport, next to all services from the commercial malls, and on the new axis “Al-Wafa and Al-Amal”, noting that the company has taken into account finding flexibility in the design of the project spaces, including spaces for privacy, improved connectivity and infrastructure for integration of technological solutions.

At its core, Median Residences is designed with different requirements in mind, allowing for 74% of green landscaping with water features along with facilities for homeowners to live, work, and play through the latest in advanced technology.

Gaballah reveals that the company expansion plan targets to move towards the New Administrative Capital and the North Coast, in line with the state development plans.

It’s noteworthy that Ezan Developments is the second-generation offspring of EGYGAB Holding, which focuses on developing high-end products with a differentiated approach to all aspects of operations and development to attract a more discerning client.