Madaar Development launches Azha North project in North Coast, with initial investments worth EGP 16 bn, Invest-Gate reports.

Chairman and CEO of Madaar Development Gasser Bahgat states, “The new project is built on 250 acres (1million sqm), and is located at Kilo 212 Alex-Matrouh Road in the Ras El Hekma Bay area, 73 km from Marsa Matrouh. Additionally, it is close to the new road network that shortens the time to reach this distinguished part of the North Coast, especially El Dabaa Road.”

Moreover, Azha North development has water bodies and open and green spaces with an area of about 86% of the project’s total area. The resort features water beaches of up to 12 km, as all units feature either a view of the white sea beach or a view of the front lagoon or both.

Alike, the company’s chairman reveals that the company is to launch the project by choosing the largest consulting offices and global expertise houses, namely WATG and Crystal Lagoon, besides a group of the best local and international engineers and designers in all disciplines to provide an unprecedented resort worthy of the level of target customers.

In this regard, Ahmed Ahab, head of the technical sector at Madaar Development, says that various sizes of all Azha North units meet the needs of different customers. The resort includes stand-alone villas, double villas, and chalets of different sizes that are fully finished with air conditioning and a kitchen.

“Sustainability is taken into account in architectural designs to reduce future maintenance costs and preserve aesthetic shape throughout the year,” Ahab discloses.

For his part, CCO at Madaar Development Mohamed Tawfik notes that promoting and offering units to customers in the new project will begin immediately, relying on the strong professional history of Madaar and its previous project in Ain Sokhna, as well as many advantages of the new project.