Lasirena Group, in cooperation with Wadi Degla’s Blumar Sokhna, plans to launch its latest project in Ain Sokhna, Invest-Gate reports.

According to Mahmoud Omar, the board member of Lasirena Group, the new project of Cape Bay makes good on its expansion scheme with an eye on diversifying its projects portfolio and obtaining outstanding plots of lands to serve development purposes, confirming that all contracts have been sealed, construction and architectural designs have been prepared and all necessary permits have been obtained, paving the way for launching the new project of Cape Bay.

By releasing Cape Bay, Lasirena Group will introduce a new product that adds value to the tourism sector and suits the widest segment of customers, the youth and small families in particular. Besides, the biggest integrated service area will be carried out in order to cater to the needs of Ain Sokhna visitors and attract many of them to the area.

Furthermore, the final phase of Lasirena North Coast has been put up for sale, with various payment schemes of up to 10 years. Additionally, Omar declares that the “Final phase of Lasirena North Coast, made up of 100 units with areas starting off with 65 m spaces, features a fascinating location nearby Aqua Park which will be inaugurated next August.”

It’s noteworthy that Lasirena Group aspires to deliver 1,000 units at three projects in North Coast, Ras Sedr, and Ain Sokhna during the second half of this year.

Moreover, Lasirena’s projects as well as its upcoming expansions are all self-funded, with zero reliance by the company on banking loans.