United Development announces the launch of G BAY project in Ain Sokhna, with investments of EGP 1 bn and targeted sales of EGP 800 bn, Invest-Gate reports.

Mohamed El-Zabalawy, CEO of United Development, explains that the G BAY project is a residential project in Ain Sokhna on Zafarana Road, with an area of ​​115,000 sqm and includes 3 basements and 880 chalets with various areas starting from 75 to 150 sqm with direct sea views.

El-Zabalawy says “It is scheduled to complete the implementation of the entire concrete structure of the project within two years, provided that the delivery will be within 3 years from the start of work on the project site.”

Also, he reveals the contracting with Bonyan Consulting Engineers, Arcrete Engineering, and Al-Mansoura for contracting and Electromechanical works. The company aims to achieve 50% of sales during the 1st 6 months of launching the project.

Moreover, construction work is underway on the G3 Mall project, which is the company’s first establishment in the NAC, in addition to the presence of a package of projects understudy in the North Coast, the NAC, and Sheikh Zayed.

It is worth mentioning that the United Development has implemented many projects in Mahala City and the 5th Settlement.