GV Investments has signed a final agreement with El Ammar Group and Memary Group to jointly develop the first phase of the White Sand project, located in Egypt’s North Coast, invest gate reports.

The partnership follows a series of productive negotiations and reflects GV’s commitment to transparency and open communication with its clients. The agreement outlines a comprehensive development plan for the project’s northern section, with both El Ammar and Memary leading execution under a unified vision.

Speaking on the partnership, Sherif Hamouda, Chairman of GV Investments, stated: “El Ammar and Memary are among the most influential players in North Coast real estate. Together, we aim to deliver White Sand as one integrated phase — with a single entrance, unified beach, and shared infrastructure and services — ensuring a consistent level of excellence across all units.”

Spanning 186 feddans, White Sand will include a private beach, social and sports clubs, and a centralized commercial and service hub that serves all residents. GV reaffirmed that unit pricing and space allocations have been calculated fairly, in line with market standards, and that the project will be completed no later than 2028, following the schedule approved by Egypt’s New Urban Communities Authority (NUCA).

The project will be managed by a joint administrative entity owned by the three developers, guaranteeing streamlined operations and high-quality service delivery across all phases.

Hassan Tarek Salem, Vice Chairman of El Ammar Group, emphasized the group’s legacy in delivering over 11,000 residential and coastal units, including 14 successful resorts across the North Coast. He highlighted the group’s strong market reputation, timely deliveries, and customer-focused strategy.

Eng. Mahmoud Abdel Wahab, Chairman of Memary Group, added that the partnership with GV will leverage the firm’s technical expertise to ensure on-time completion, citing White Sand’s unique location and development potential.