The National Bank of Egypt (NBE) and Banque Misr launch Wessal project, km 30 Cairo-Suez Road, Invest-Gate reports.

Founders, in collaboration with Al Ahly Sabbour, will market the project’s first phase.

NBE and Banque Misr offer 10% down payment and installments for up to 10 years.

Wessal project is built on ​​more than 800 acres and offers more than 10,000 fully finished units and utilities. The city is divided into 3 separate main components, two housing projects with fences for protection and guarding, and another commercial.

Hisham Okasha, chairman of NBE, says, “Wessal project is an extension of the real estate sector projects supported by NBE, in line with its strategy to support major projects and economic sectors.”

Okasha explains that Wessal is an integrated community with a comprehensive concept and a privileged location, including housing units with various spaces to meet all needs, besides a social and sports club, commercial malls and entertainment places.

Mohamed El-Etreby , chairman of Banque Misr, stresses that the bank’s participation in real estate projects is a continuation of its pioneering role in supporting the Egyptian economy and the state’s plans to achieve sustainable development.

On the other hand, Ahmed Sabbour, chairman of Al Ahly Sabbour, notes that Wessal project’s marketing represents an opportunity for further recovery of the real estate market, noting that the project will be presented in several successive stages.

“The alliance of Al Ahly Sabbour with Founders achieves great success through the first project, as the project has all attractions for buyer, whether a distinguished location with full services, good infrastructure and buildings equipped with the latest capabilities,” Sabbour adds.

Moreover, Amin Serag, CEO of Hyde Park Properties for Development, says that Wessal project is one of the most important real estate projects, due to the many advantages the project enjoys, as an entire city with integrated services and utilities and all units are fully finished and ready for immediate housing with large green spaces.