MG Developments announces the launch of the fourth phase of its project Blue Blue Sokhna Resort “Navy”, with investments estimated at EGP 500 mn, Invest-Gate reports.

This came after the delivery of the previous three phases which are characterized by its sea view, according to the company’s press release on June 15.

Mohamed Metawee, CEO of MG Developments states that the fourth phase of the Blue Sokhna Resort is different and offers a distinctive experience. The Navy phase is far by only less than 50 m from the sea, with a shore that spans over 3,000 m.

The project includes many activities and recreational services such as a gym, a water sports center, a market area, a supermarket, restaurants, and cafes, Metawee adds.

He further confirms that the launch of the “Navy” phase of the Blue Blue project comes as a continuation of the project, which has a completion rate of 80%.

“Our clients have been handed over the previous stages and they are now enjoying the resort and the services it provides”, he highlights, stressing that the company’s strategy is to launch projects in distinctive areas, with high-quality interior and exterior designs and finishes, in addition to handing over the units in time or delivering them 6 months ahead.

On her part, Aya El-Shennawy, head of the commercial department at MG Developments adds that this phase’s units meet the different requirements of customers and of those who want to enjoy the sea view, not to mention the distinctive design of these units, affirming that “the company will deliver the chalets starting in 2023 with super lux finishing.”

Moreover, El-Shennawy highlights that the company offers this phase with suitable payment plans; 10% as a down payment, and up to 10 years installment schemes with no interest rates.

Additionally, Metawee remarks that the commercial mall in Blue Blue Sokhna Resort will be offered for leasing during the second quarter of 2021, in a bid to provide the owners and the visitors with an easy way to fulfill their needs.

The commercial mall will include one floor, “strip mall,” and spans over an area of 2,500 m, with investments of around EGP 100 mn.