Upwyde Developments Launches IGUALL in the Fifth Settlement

Upwyde Developments Launches IGUALL in the Fifth Settlement

Upwyde Developments announces the launch of the latest projects IGUALL in the 5th Settlement, with a target sale value exceeding EGP 1bn, Invest-Gate reports.

Mohamed Abdel Hamid, head of the commercial sector, explains that the project is located directly on northern 90th Street in the Fifth Settlement. It is an administrative commercial project; and its construction is scheduled during the third quarter of this year, provided that the entire project will be delivered within 30 months.

Abdel Hamid reveals the contracting with the engineering consultant, Mohamed Hafez (Hafez Consultants) to do the engineering and construction designs for the project.

Mohy Farrag, a member of the board of directors, explains that the company’s investments exceed EGP 6 bn through owning a large portfolio of land in New Cairo, Sheikh Zayed among others in distinct locations and different and large areas of various projects. Such expansion is expected to pump about EGP 5 bn during the second and fourth quarters of the current year 2022.

IGUALL is the second project of Upwyde Development following its flagship project GRANOY, which is an administrative commercial project in the Fifth Settlement, and contractual sales of EGP 600 mn have been completed.

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