Nile Developments plans to develop a branded residences project in New Alamein City in 2022, Invest-Gate reports.

Mohamed Taher, Nile Developments chairman, confirms that the company has already achieved EGP 2.5 bn sales on its branded residences, North 31 project, 35% of which are sold to Egyptians working abroad.

He adds that North 31 features commercial, administrative, and medical activities and spans an area of ​​18,000 sqm. Also, the project includes 1,000 units, with total investments exceeding EGP 4.5 bn and It is planned to complete the implementation within four years.

Taher explains that Nile Developments contracts with Etqan Business Development, as a financial and marketing consultant for its Nile Business City project in the NAC. The project is located on an area of ​​296,000 sqm with a height of 56 floors and consists of four separate towers.

The company also contracts with Asaad Salama’s office in Dubai as a project consultant, and Contrack FM to undertake the management and maintenance of facilities at Nile Business City. Further, presents a variety of offers that meet the customers’ needs.