Nawassy Developments is actively pursuing expansion opportunities in West Cairo and North Coast, after the successful launch of the 3sides shopping mall in East Cairo, according to Hossam Soliman, the company’s CEO and Managing Director, Invest-Gate reports.

The company is also seeking new land portfolio opportunities, including commercial and residential projects in West Cairo, as well as considering a unique urban activity project in New Cairo, Soliman added, revealing that construction progress on the 3sides project has already exceeded 50%.

Nawassy is also committed to fast and high-quality construction in its Shorouk City project, which has a strong demand for commercial and entertainment offerings, he highlighted.

The top official revealed that the company announced that it is finalizing designs for a second project in the Shorouk City that promises to introduce innovative entertainment services.

Nawassy is also venturing into tourism projects in coastal areas, particularly the North Coast region. They are currently reviewing partnership offers and legal documents for a significant project spanning at least 50 acres in this area.

Since entering the Egyptian market in late 2022, Nawassy has been making steady strides in delivering distinctive commercial and residential projects. They recently participated in Cityscape 2023, marking their first appearance at Egypt’s premier real estate exhibition, and continue to engage in exhibitions abroad, including Saudi Arabia, Qatar, and the United Arab Emirates.