Jumeirah Egypt for Real Estate Investments has officially announced the launch of its first project, “NAIA Bay” in the Ras El Hekma Bay on the North Coast, with investments of EGP 7 bn, and covers an area of ​​112 acres, Invest-Gate reports.

On this occasion, Hisham Eldanasoury, CEO of Jumeirah Egypt comments, “Egypt has seen a continuous urban renaissance in the last seven years, which motivated Egyptian and international investors to expand on the market and take advantage of the development of the state in the establishment of new cities and urban projects.”

“With unique surroundings and mesmerizing views, the innovative design of the “NAIA BAY” project is inspired by the Greek school of art and construction along with contemporary architecture,” says Shady El-Ghunaimi addressing the press conference.

El-Ghunaimi adds, “With an imperial waterfront for all units, the design of the project, which is located at 212 km aims to meet the clients’ needs as it overlooks artificial lakes to provide a water view for all units. Moreover, it offers a wide range of services and amenities, among them an international 5-star luxury hotel, a shopping center, a private beach, swimming pools, cafés, restaurants, and a private beach club.”

NAIA Bay comprises 732 units of various residential types, with areas ranging from 65 to 520 sqm. Furthermore, the project includes a plethora of utilities and services, as well as including six different areas, including a hotel area with a private beach and unique facilities, a Bungalow and cabins, and Fira area for villas, twin houses, and townhouses.

Besides, it also contains Pelagio neighborhood, which consists of twin homes with a private imperial waterfront, and Hali area that includes townhouses that overlooks the lagoons. Furthermore, it features Plaka region for Commercial Outlets and Chalets, Poli area for lavish kiosks, cafés, and an outlet for international brands. Moreover, it includes a boutique hotel.

In addition, the company cooperates with major specialized architectural consultancy firms and world-leading companies in tourism services, as well as a US-based company, namely Crystal Lagoon, to oversee the construction of the 60,000 sqm- lagoon to provide an unparalleled experience and service to the project’s residents while ensuring their privacy.

This comes during a press conference in Cairo to announce such a milestone, contributing to the real estate sector’s prosperity. The press conference is attended by Salma Yousry, the housing and urban development program official in the Egypt office of the United Nations Human Settlements Program (Habitat), a group of businessmen and representatives of the media, in attendance of partners assisting in the development of the land surrounding the commercial area.

It is worth mentioning that Ras El Hekma Bay extends over 48 km on the Mediterranean Sea, which makes it a strong competitor to the world’s greatest beaches. The aim of the city is to become one of the most popular facades around the world, due to its proximity to the New Alamein Airport, therefore it will attract thousands of tourists.