Inertia Egypt signs the final contracts for the Jefaira project with the New Urban Communities Authority (NUCA), for the land allocated to the project, which is built on 5.4 mn sqm, Invest-Gate reports.
This comes after the transfer of the jurisdiction over the North Coast lands from Marsa Matrouh Governorate to the NUCA.
Ahmed El Adawy, CEO of Inertia, emphasizes the importance of transferring the jurisdiction on the coastal lands to the NUCA, which has strong experience in urban development and has developed thousands of acres in various parts of Egypt.
El Adawy stresses that the final approval of the master plan for the land of the Jefaira project has led to the addition of greater planning advantages.
The final area of the land allows flexibility in the detailed plan and the availability of more services within the project, which contribute to the competitiveness of the project, he adds.
El Adawy reveals that Inertia Egypt regularly pays all land dues to the NUCA, highlighting that the company has a strong financial solvency that supports its commitment.
The Jefaira project features various units such as separate villas, twin houses, townhouses, chalets, apartments, and studios of various sizes. It also includes a large number of services that achieve an integrated life for customers within the project.
Inertia Real Estate Development plans to raise the construction rates of the “Jefaira” project, which is characterized by its strategic location on the North Coast.
The company is planning to deliver many units in Jefaira during 2023.