The New Urban Communities Authority (NUCA) assigns the Saudi Egyptian Developers Company the marketing and development of the latest stages of the Marina El Alamein project in La Plage 1 and 2. This comes within the framework of the Ministry of Housing’s directions to develop and raise the efficiency of the Marina El Alamein project in the North Coast, Invest-Gate reports.

The Saudi Egyptian Developers CEO Mohamed El Taher states that this assignment complements the series of great successes of the strategic partnership between NUCA and the company in more than one integrated multi-use urban project over the past period.

Moreover, El Tahir asserts that the company’s role will be to participate in the development of the project through consulting, while the Urban Communities Authority will be the main developer of the project.

In this regard, El Taher clarifies that the first part of the cooperation with NUCA is the marketing of a group of townhouses and twin villas, which are ready for delivery, with a semi-finished system. He further elaborates that the company has recorded EGP 400 mn of sales of these units in a record time, pointing out that the unit price ranges between EGP 8 mn to EGP 14 mn.

Meanwhile, El Taher discloses that the second part of the cooperation with the NUCA is providing a set of consultations regarding the most preferred construction to customers, the quality of services needed to be available, and the customers’ needs

It’s noteworthy that the Saudi Egyptian Developers company has succeeded in marketing the “Sawary” and “IL-Latini” projects, as the sales of the Sawary project have reached EGP 6.7 bn, while the sales of the IL-Latini project have reached EGP 1.5 bn, in the first ten days of opening the first phase of the project.