Royal Developments signs a cooperation protocol with YBA Architects in preparation for launching a new property project, Invest-Gate reports.

The new project comes within the framework of an expansion plan for the next five years, Sherif Shaalan, founder and chairman of Royal Developments, comments.

The plan includes launching several various projects that achieve the company’s goals and enhance its strength in the market, Shaalan adds.

The company believes in the diversity of the different investment areas in Egypt and that there are many cities within the urban expansion plans put forward by the state that will have a great investment future, he remarks.

The top executive states that the company is preparing to maximize its investments and expand in a number of these new cities with integrated real estate projects during the coming period.

For his part, Karim Shaalan, founder and CEO of Royal Developments, says the company manages and exploits spaces and providing all capabilities to create a harmonious real estate community, and applies technology to achieve the highest standards of luxury and comfort for customers all the time.

Yasser El-Beltagy, Chairman and founder of “YBA” Architects, expresses his happy to sign this agreement with Royal Developments, adding that his company will undertake the management and design of private architectural and engineering works. The company’s new project is to be announced soon.

With an experience of nearly 16 years in the Egyptian market, Royal Developments implemented more than 100 residential projects in multiple, distinctive and most popular areas in the Fifth Settlement, New Cairo, and the New Administrative Capital.