Times Developments has announced substantial progress in the construction of its key projects, with implementation rates advancing according to the company’s set schedule, Invest-Gate reports.

Ahmed El-Sergany, CEO of Times Real Estate Developments, confirmed that construction work on the Avelin and T.Hub projects is on track, with the company nearing its annual sales targets. “We follow a careful project development strategy, completing 20% of construction before sales begin, ensuring we meet delivery deadlines and maintain client trust,” El-Sergany stated.

Moreover, El-Sergany emphasized that this approach boosts customer confidence and strengthens the company’s reputation.

Times is investing approximately EGP 500 mn annually in construction across various developments. For the year’s first half, the company reported strong sales performance, achieving EGP 4.5 bn out of the targeted EGP 6 bn by year-end.

The Avelin project, Times’ second venture, spans 26 feddans in a prime location adjacent to Rehab City in East Cairo. The company completed 20% of the construction before launching sales in February, and the expected delivery date is 2027.

Furthermore, the project, designed by top consulting firms OKO Plan and ECG, will offer integrated residential, commercial, administrative, and medical units.

Also, the T.Hub project in Fifth Settlement spans 10,600 sqm and features four buildings with commercial, administrative, and medical spaces.

Notably, the Avelin includes restaurants, cafes, advanced security systems, and a high-quality parking garage, providing a comprehensive business environment in New Cairo.