GV Developments Debuts with EGP 9 bn North Coast Project

GV Developments Debuts with EGP 9 bn North Coast Project

Egypt-based GV Developments made a debut on July 28 with its EGP 9 bn mixed-use project on the North Coast, called “White Sand,” representing a quantum leap in modern tourism industries, Invests-Gate reports.

The announcement came during a launching celebration held at Four Seasons Hotel Cairo at Nile Plaza, starring renowned Egyptian pop singer Tamer Hosny. On the sidelines, the company’s managing director Nasser El Mallah underlined, “Through its newest development, GV Developments is keen to be part of the strategic plan adopted by the Egyptian state to develop the North Coast, which aims at creating new job opportunities.”

According to Lamia El Sharkawy, Board Member and Commercial Director of GV Developments, “White Sand presents a brand-new perspective of coastal resorts in Egypt through its vital location and its ingenious designs, where aquatic nature is the main element.”

Nestled about 200 kilometers from Cairo and 80 kilometers from Alexandria, the new 186-acre development will boast residential, tourist, and commercial spaces, with 82% of the total area allotted for greeneries, aiming to offer safe investment solutions within environmentally friendly communities that meet the highest international standards.

White Sand’s residential units, including villas, twin houses, chalets, and studios, vary in spaces between 54 and 347 square meters to suffice the needs of all clients, complemented with the latest services, facilities, and utilities. Thereby, it will comprise the largest commercial-service complex, serving the entire project and surrounding area.

Featuring a 750-meter tranquil shoreline, the integrated project also encompasses 22 swimming pools, three lakes, a clubhouse, a fitness center, a spa, alongside a number of restaurants and coffee shops, all of which are attentively spreading out throughout the resort to ensure stunning water views at all times and from any spot in the resort.

Meanwhile, during the ceremony, GV Developments uncovered its future plans with regards to further investments in various sectors, highlighting that it targets implementing additional projects in other coastal governorates as well as New Cairo, 6th of October City, Giza, Upper Egypt, and Nile Delta. Besides, it also intends to establish an integrated industrial city in Egypt, but the location is not determined yet.

“The management of these projects will be based on state-of-the-art facilities management to enhance the quality of life, using cutting-edge technologies in modern construction, and to be identified as milestones over time for future generations,” El Mallah concluded.

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