Raaed Developments launches the ROOTS project in New Sohag, with a total investment of EGP 1.8 bn, Invest-Gate reports.
Mohamed Khalafallah, Chairman of Raaed Developments, says that the project is located on 87,000 sqm in a distinct and prime location in the heart of New Sohag.
He adds that the project includes all services and activities that achieve interdependence between family members.
Khalafallah reveals that the ROOTS compound includes 33 residential buildings with a total of 496 units, comprising 12 villas with an average spaces of 500 sqm, penthouse units, duplexes, a model for family housing, besides, a commercial mall, a social club, swimming pools, and sports fields.
The ROOTS project encompasses units with different spaces that meet the needs of all customers, with spaces ranging from 140 to 270 sqm, the top executive says.
Furthermore, Khalafallah states that there is a strong and real demand for all residential projects in Upper Egypt, but this demand is not met because market investments are concentrated in new cities surrounding Cairo.
Therefore, Raaed Developments decided to introduce its distinguished project in New Sohag City to meet the demand for properties with international standards in this project, he maintains.