Tatweer Misr reveals its new project D-Bay, as part of its expansion plans for the north coast with initial investments exceeding EGP 7bn in partnership with Kayan for Real Estate Development, Invest-Gate reports.
Ahmed Shalaby, President and CEO Tatweer Misr expresses, “The establishment of D-Bay is a step closer towards achieving our ultimate vision of developing sustainable, smart and happy communities while being geographically widespread to ensure that we are offering our clients luxury-standard living in diversified locations.”
The idea behind D-Bay is to increase Tatweer Misr’s overall land bank with approximately 845,000 sqm, adding up to more than 5.8 mn sqm. The development is set to be located overlooking the Mediterranean Sea with an 800-meter-long shoreline and a lagoon.
Tatweer Misr introduces the rebrand during the press conference, held for the official announcement of the company’s expansions on the north coast. According to the company, this rebrand marks the start of a new era for Tatweer Misr Creating Destinations.
Located near 165KM on Alexandria-Matrouh Road in AlDabaa area, the latest development in Tatweer Misr’s portfolio features more than 1,800 units ranging from chalets, villas, and serviced apartments. The company has also announced that it targets to develop the project over a period of six years.
Shalaby states that D-Bay is the latest addition to Tatweer Misr’s journey and is considered an extension of Fouka Bay. He adds, “Leveraging on previous success, we will continue to collaborate with our partners of success ensuring that Tatweer Misr’s clients experience world-class quality.”