The Land Developers (TLD) launches il Bayou in the Red Sea Governorate’s Sahl Hasheesh with total investments of EGP 500 mn, Invest-Gate reports.

Situated at 45,000 sqm, il Bayou is a coastal fully serviced residential project including 85 standalone, twin, and townhouse villas, in addition to 60 serviced apartments.

il Bayou project is a part of TLD’s expansion plan. The company is seeking opportunities in the tourism and urban segments.

Chairman and CEO of TLD, Ahmed El Tayebi, comments: “Our investment portfolio has reached EGP 4 bn with a 52-acres land portfolio in 2 destinations; Armonia in the New Administrative Capital and il Bayou in Sahl Hasheesh.”

“il Bayou is an unprecedented real estate product that aims to drive the growth of real estate exports, stimulate tourism in Hurghada and attract more foreign direct investments,” Chief Operating Officer of TLD, Omar El Tayebi, says.

il Bayou project observes environmental and sustainability standards. The project comprises fully-finished villas with private pools, serviced and fully furnished apartments, and laundry and housekeeping services, as well as a large swimming pool, a poolside restaurant, gym, and spa.