ALQAMZI Developments records contracted sales exceeding EGP 1 bn during the first day of launching its latest project, SeaZen, in the North Coast, Invest-Gate reports.
Yasser Zeidan, chairman of the board of directors of ALQAMZI Egypt, says that SeaZen is a new start for the company in light of its expansion plan, where the company aims to pump EGP 22 bn in four years. The company will start construction works of the project in October 2022, while phase I will be completed in 2025.
SeaZen project spans over 204 acres in the 170 kilometers of El Dabaa Road, with a frontage that extends over 690 meters on the shore of the Mediterranean Sea. The project’s total investments are about EGP 14 bn.
Additionally, the project features 2,000 housing units between chalets and villas, that are fully finished with AC and kitchens. The units are designed with gradual sea level heights of more than 47 meters, making the units overlook the beach. The green spaces represent more than 85% of the project.
SeaZen also includes three health resorts suitable for all ages and needs, three hot water swimming pools, a gym, and a wave pool, which is the first of its kind in the North Coast and will be opened in Summer 2024.
Zeidan clarifies that the company partnered with the largest engineering consultants in Egypt and the Middle East, including DMA to carry out the construction work and set the engineering designs for the project.
Furthermore, the company is keen to offer a high quality of services in line with the state’s plan to make the North Coast an integrated community that works for the longest time of the year, not only during the summer. Additionally, the services that the client needs will be available for up to five months.