Starlight Developments for Real Estate and Touristic Developments acquires Redcon Construction for the construction of its EGP 3bn- Katameya Coast on the North Coast on an area of 205 acres, Invest-Gate reports.
Starlight Developments CEO Sherif Aboutaleb says, “Right after we obtained all official approvals from NUCA and settled the service fees for Katameya Coast, we contracted local and international construction companies to start the construction of the project in line with the government’s direction to further develop the North Coast.”
Katameya Coast is located 180 km from Alexandria to Marsa Matrouh on the North Coast, on a total area of 205 acres and a total of 770 units spread over seven elevated levels to give all units a direct view of the sea.
Aboutaleb adds, “The infrastructure works for Katameya Coast have been completed. We have paved the land in preparation for the construction work, which includes land settlements, of which Redcon Construction has started pouring four terraces.”
Aboutaleb elaborates that all 434 units of the “See The Sea” phase have been sold, which reflects the confidence of our customers in our leading brand, “and in respect of that, we affirm our commitment to deliver all units at once within 36 months from the start the construction date,” he confirms.
“In conjunction with the start of construction work for the residential units of the project, work is underway to complete the rest of the project’s utilities, which includes a boutique international hotel with hotel serviced apartments, as well as health and social clubs and a luxury commercial area for restaurants and shops called Coastal Village,” he says.
In response to the increasing demand from customers for the unique units of Katameya Coast, Aboutaleb announces that Starlight Developments has opened the door for reservations for Crystal Edition on an area of 105 acres with a total of 336 units, all overlooking a 2km-long- crystal lagoon, designed by SAOTA company, one of the world’s leading companies in such projects.
Commenting on signing the contract, REDCON Construction CEO Amal A.Wahed says, “We are honored to cooperate with Starlight Developments on the construction of Katameya Coast on the North Coast. We are optimistic about the distinguished success of this project. With the pioneering developer, such as Starlight Developments, a global design that includes all the elements of excellence and premier standards, and a contracting company with extensive experience, this project is sure to be a great success.”
Redcon Construction Vice Chairman Ahmed Abdallah says, “Katameya Coast complements Egypt’s plan to increase and stimulate tourism on its North Coast, as it includes hotels and services at the highest level of international standards with the latest developments, meeting the current market demand in hospitality and tourism.”
For more information about Starlight Developments’ projects, visit our website www.starlightdevelopments.com