Saudi Egyptian Developers (SED), one of the leading real estate development companies in Egypt, announced the commencement of deliveries for the first phases of its luxurious residential project, Bleu Vert, in the New Administrative Capital (NAC), during a special celebration, Invest-Gate reports.

The project’s investments total EGP 8.7 bn and have been implemented according to the highest quality standards.

Bleu Vert project is strategically located in the heart of the NAC, covering an area of 70 feddans.

It offers a variety of luxury residential units, including villas, twin houses, townhouses, and apartments, to meet customer needs and accommodate different tastes, allowing them to choose the most suitable residential model.

The total number of units in the project is 1,398, with a significant number already completed.

Currently, 300 apartments and 104 villas are being delivered as part of the first phase, reflecting the company’s commitment to the previously scheduled delivery dates and announced plans for 2024.

In this context, Eng. Mohamed El Taher, CEO of SED, stated, “We are committed to providing innovative solutions for the Egyptian real estate market by developing integrated and high-quality projects that align with the latest global trends and contribute to sustainable urban development in line with Egypt’s Vision 2030, thereby enhancing the company’s position in the sector.”

He added, “The delivery of the first phase of the Bleu Vert project confirms our commitment to providing an innovative and diverse real estate product that meets the varying needs of customers with high quality and timeliness.”