Squares Developments has announced the launch of its third project in Egypt’s New Capital, reaffirming its strong confidence in the city’s investment potential and expanding its footprint within one of the region’s most dynamic smart cities, Invest-Gate reports.

Eng. Talaat Gorgous, Chairman of Squares Developments, said the new project builds on the company’s success with its previous two developments in the New Capital, now regarded as Egypt’s leading real estate investment hub amid ongoing urban and economic transformation. With this new launch, the company’s portfolio in the city has grown to five projects, with total targeted sales of EGP 23bn.

According to Gorgous, the upcoming project will feature an innovative architectural design that combines modern aesthetics with efficient space utilization, offering a high-value real estate product that meets current market trends and investor needs. “This project will be a distinctive addition for clients seeking exceptional developments in the New Capital,” he said.

Eng. Hany Gorgous, Vice Chairman of Squares Developments, highlighted that the company’s Remeny project, located in the MU23 area next to the Sports City and overlooking Al-Amal Axis, spans over 7,000 sqm and includes residential, hotel, commercial, administrative, and medical spaces. The project is being marketed through a strategic plan focused on maintaining price stability and ensuring steady construction progress.

He added that the company also owns West View in the Downtown area on the Western Axis, covering 3,700 sqm and featuring commercial, administrative, and medical units—reflecting the company’s commitment to diversified, high-quality developments that meet client aspirations.

Eng. Mina Maher, Board Member and General Manager of Squares Developments, affirmed the company’s dedication to executing all projects with the highest standards of quality and transparency, in full alignment with Egypt’s national urban development goals.

With more than 40 years of real estate experience in both Kuwait and Egypt, Eng. Talaat Gorgous continues to drive Squares Developments’ success, building on his extensive track record with House Building Developments—renowned for its landmark projects in Nasr City and New Cairo.