Artal Developments, a leading entity in the Egyptian real estate market, has unveiled its latest commercial, administrative, and medical projects in New Cairo, named “Stride”, Invest-Gate reports.

Strategically situated on the primary northern 90th Street in the Fifth Settlement, a pivotal hub for commercial and administrative undertakings in the area, the project boasts a prominent frontage spanning approximately 240 m. This feature accentuates its distinctive commercial outlook, anchoring it at the core of economic activities within the region.

Spanning a total area of 13,600 sqm, with an extensive built-up area of 57,200 sqm meticulously allocated to cater to commercial, administrative, and medical workspaces meeting contemporary market demands, the project will unfold in four successive phases.

This phased approach ensures each segment adheres to the highest technical and construction standards, with deliveries commencing in 2028.

The ambitious “Stride” project emerges from a strategic collaboration between Artal Developments and the Saudi Babader Group, a Saudi-Egyptian partnership aimed at bolstering investment cooperation between the two nations within the real estate domain.

This partnership underscores the mutual confidence between Egypt and Saudi Arabia in the capacity of both companies to deliver distinctive mixed-use projects meeting market requisites and fostering enduring investment value.

Maher Taha, CEO of Artal Developments, expressed his profound delight on this momentous occasion, stating, “We take immense pride in launching this project, a testament to our unwavering commitment to delivering contemporary and exceptional real estate ventures. This not only reinforces Artal’s foothold in the Egyptian market but also paves the way for enhanced collaboration with our partners in Saudi Arabia, reflecting the increasing trust in the Egyptian market as a key investment destination in the region.”

Taha emphasized, “We have ensured that the project offers innovative real estate solutions tailored to the needs of companies and institutions seeking to expand their operations in one of the fastest-growing zones in New Cairo. We believe this project will catalyze a qualitative leap in Egypt’s real estate development sector.”

Furthermore, Taha elaborated that the project showcases a distinctive architectural blueprint blending modernity with commercial efficiency. Encompassing commercial and administrative units of varied sizes, the mixed-use complex provides investors and business owners with flexibility in selecting spaces that align with their requirements.

Moreover, the project is designed to incorporate contemporary medical facilities, positioning it as an ideal destination for medical institutions and hospitals seeking expansion opportunities in New Cairo.