Il Cazar Developments, a leading company in the Egyptian real estate market, has announced the signing of a cooperation and strategic partnership agreement with STM Investment, an Egyptian company specialized in various sectors, including real estate development, education, clubs, malls, investments, and technology, Invest-Gate reports.
This collaboration aims to develop a series of distinguished real estate projects in East Cairo, featuring ready-to-deliver units.
This partnership includes three real estate projects, starting with the “Stoda” project, which is the first outcome of this strategic cooperation. It embodies the vision of both companies to provide value-added projects characterized by modern designs, superior construction quality, and integrated services that offer an advanced residential experience. All units in these projects are ready for delivery, reflecting the commitment of both companies to deliver integrated projects that meet the highest quality standards.
The Stoda project adopts advanced architectural standards and includes integrated facilities. It is located in East Cairo and features both residential and commercial units, with areas ranging from 130 sqm to 240 sqm, including apartments and duplexes. The project also offers a payment plan of up to 10 years for its ready-to-deliver units.
On this occasion, Mr. Nader Khozam, Chairman and CEO of Il Cazar Developments, expressed his optimism about the partnership, stating: “At Il Cazar, we are keen to establish strategic partnerships that contribute to strengthening our real estate portfolio and offering innovative projects that meet market needs. Our cooperation with STM Investment represents an important step toward achieving our vision of developing sustainable urban communities that provide an integrated residential experience for our customers, with ready-to-deliver units. The Stoda project marks the beginning of a series of projects that will set new standards for luxury and quality, and we look forward to achieving joint successes in this regard.”
Khozam added, “This partnership aims to provide advanced housing solutions that meet the growing demand for luxury projects in East Cairo, where the real estate sector is witnessing continuous growth driven by infrastructure expansion and increasing demand for integrated residential communities. The Stoda project embodies Il Cazar’s vision of developing a modern urban environment that combines upscale living spaces with vital commercial areas, featuring innovative designs that meet the aspirations of the real estate market.”
For his part, Mr. Abdel Rahman El Gohary, Chairman and Managing Director of STM Investment, confirmed that this partnership represents a significant addition to STM’s investment journey in developing real estate projects. He pointed out that the collaboration with Il Cazar reflects both companies’ commitment to providing projects that meet international standards and align with the aspirations of the Egyptian real estate market.