Real estate development company People & Places signs contracts with Solid and ASASS Construction for a total investment value of EGP 1.6 bn for the construction of its first development, The Med, in Ras El Hekma on the North Coast, Invest-Gate reports.

The company plans to start phase 1 construction in the first quarter of 2023.

“Our goal is to offer a complete experience to our customers upon handover, we are therefore focused on finalizing all aspects including green spaces, water features, and beach amenities.” Founder of People & Places, Karim El-Assal, says.

Launched in the summer of 2022, the MED’s first phase is designed by ALCHEMY ARCHITECTURE, incorporating contemporary Mediterranean architecture to include “Mediterranean villas” with direct beach views, and “Waterfall villas” with private beach lagoons and direct views over swimmable lagoons and waterfalls.

The project is situated on an area of 307 acres in the heart of Ras El-Hekma Bay overlooking a beach of 800 sqm.

The MED features stand-alone villas, twin houses, townhouses, and chalets, as well as 4 unique concept hotels and a range of recreational facilities, green spaces, swimmable lagoons, swimming pools, sports activities, and dining areas.