Egyptian Minister of Housing, Utilities, and Urban Communities, Assem El Gazzar issues Ministerial Decree No. 275 of 2023, allocating a plot of land for Madaar to establish its newest project, Azha North, located in the heart of Ras Al-Hikmah bay on the North Coast, Invest-Gate reports.

The Ministerial Decree was issued after reviewing Law No. 59 of 1979 regarding the establishment of new urban communities, Building Law No. 119 of 2008 and its executive regulations, Investment Law No. 72 of 2017 and its executive regulations; and Presidential Decree No. 28 of 2006 regarding the formation of the Board of Directors of the New Urban Communities Authority.

Spanned over an area of 250 acres, the project includes various residential, hotel, and commercial units, in addition to the launch of one of the most innovative, luxurious and state-of-the-art hotels in the region.

The project will also include the largest Crystal Lagoon on the North Coast, covering an area of 45 acres, providing all units with either distinctive views of the sea or direct access to splendid lagoons.

Thus, Madaar is proud to be among the first companies in Ras Al-Hikma to obtain the ministerial decree of Azha North project.

As a matter of fact, the company has already commenced construction work immediately after the decree’s issuance, in adherence to the scheduled set aiming to deliver the units to its clients in the summer of 2026. This approach reflects Madaar’s commitment towards its clients, as already witnessed in Azha Ain Sokhna.

Ahmed Ehab, CEO of Madaar, expresses gratitude to the Minister of Housing and Urban Communities, the Urban Communities Authority, and the Ministry’s employees for their great effort to regulate work in the new cities, reviving and developing those vast areas, and creating a new coastal touristic destination like the North Coast, particularly Ras al-Hikma.

Ehab adds that Madaar has witnessed remarkable development during the past years as a result of the tremendous efforts of its employees and the real estate market’s actual breakthrough by its distinguished projects.

He further notes that the company has taken the necessary measures to comply with the regulations and laws set by the state and put in place an appropriate action plan and time schedule that complies with the issuance of legal decrees and permits by the governmental institutions in order to maintain mutual confidence and trust between Madaar and its clients.