Within the framework of activating the strategic partnership between Sky Investments Holding and Innovo Group, the investment-engineering alliance through Sky Innovo Developments continues to establish an integrated model for sustainable real estate development, combining a long-term investment vision with global engineering expertise. This contributes to redefining the concepts of urban development in the Egyptian market and aligns with the objectives of Egypt Vision 2030, Invest-Gate reports.
This alliance represents a long-term institutional framework that is not limited to developing traditional real estate projects, but rather aims to create balanced urban communities that place people and quality of life at the heart of the development process, through the integration of smart design and environmental sustainability.
Sky Innovo Developments’ first project, “Park St. Edition” in New Cairo, is a unique residential and commercial complex that combines health and sustainability, representing a new model for real estate development in Egypt. Investments in the project amount to approximately EGP 16.05bn. The land area is 24,329 sqm, while the built-up area reaches 103,000 sqm, reflecting Sky Innovo Developments’ commitment to innovation, efficient use of resources, and the creation of a sustainable and healthy urban environment.
In this context, Sky Innovo Developments continues to work on a series of development projects in strategic locations, which are scheduled to be announced successively during the coming period. This supports the company’s plans for measured growth and reflects the alliance’s commitment to delivering innovative urban solutions that meet the needs of the Egyptian market and keep pace with the state’s orientation toward sustainable development.
Ayman Hussein, Chairman of Sky Investments Holding and Chairman of Sky Innovo Developments, stated that this alliance reflects the company’s vision based on long-term investment in projects with sustainable economic and social impact. He explained that cooperation with Innovo Group has enabled the development of an integrated real estate model that goes beyond the traditional concept of construction, placing quality of life and sustainability at the top of urban development priorities.
He added that the Park St. Edition project embodies this vision through designs that take health, innovation, and sustainability into account, noting that the strong demand and robust sales rates witnessed by the project reflect the development of awareness in the Egyptian market and the growing demand for projects aligned with the state’s orientation toward sustainable development and achieving the objectives of Egypt Vision 2030. He emphasized that Sky Innovo Developments represents a platform for launching pioneering projects in the coming years.
For his part, Bishoy Azmy, CEO of Innovo Group and a Board Member of Sky Innovo Developments, affirmed that the partnership represents true integration between a well-established local investment vision through Sky Investments Holding and global engineering expertise through Innovo Group in developing cities and urban communities across four continents: Europe, Africa, Asia, and North America. He added that this cooperation aims to apply international standards in real estate development in a manner that aligns with the Egyptian market.
He explained that Innovo Group is committed to applying best sustainability practices, whether in terms of energy efficiency, reliance on environmentally friendly materials, or designing spaces that enhance health and well-being. He confirmed that the Park St. Edition project embodies an advanced development model that links modern urban planning with improving quality of life, supporting the green economy, and achieving balanced and sustainable development.
It is worth noting that this partnership aims to leverage the extensive expertise possessed by this alliance in order to build and develop integrated residential and commercial projects that focus on providing communities that combine health and sustainability.