New Urban Communities Authority (NUCA) inks a cooperation protocol with the Saudi Egyptian Developers company, to sell phases of the Latin District project in the New Alamein City, Invest-Gate reports.

Mohamed Al-Taher, CEO of the Saudi Egyptian Developers states that this cooperation is a strategic partnership, and comes as a reward for the previous successes with NUCA, especially the Sawary project that has a selling value of around EGP 6.5 bn.

Moreover, Al-Taher highlights that reservation is open for the project’s first phase, which is expected to be delivered in 2023, mentioning the high demand for the project’s units due to its services and infrastructure.

He also indicates that the project’s target sales amount to EGP 2 bn during 2021, stressing that that project has been designed according to the latest European construction models, remarking that the Latin District project will play a vital role in the real estate exports issue, as well as reinforcing the national economy.