Voya Development has launched its flagship project, COY, as its second venture in Sheikh Zayed City, with total investments amounting to EGP 2 bn, Invest-Gate reports.

The announcement took place during a grand celebration hosted by artist Wael Jassar, to reveal the project’s details and competitive advantages. The event was attended by a group of businessmen, leaders in the real estate sector, successful partners, and community figures, along with several prominent journalists and media professionals.

Eng. Essam El Naggar, Chairman of Voya Development, stated that the company’s success with its first project in West Cairo strengthens the plan to launch “COY.” This new project embodies the company’s vision to provide advanced residential developments that align with market aspirations and meet clients’ diverse needs. He emphasized that the project is an integrated residential community situated in a smart and strategically distinguished location in Sheikh Zayed City.

El Naggar clarified that the organization provides a range of payment options for its customers, beginning with a down payment of 5%, while the remaining balance can be settled over repayment terms extending up to 10 years. The project is set to be completed within four years, as the company has effectively created a comprehensive payment model that aligns with the client’s financial capabilities, all while ensuring steady cash flow to support the ongoing progress of the project’s execution.

Shehata El Sayed, the CEO of VOYA Development, confirmed that the company boasts a strong background and a proven track record of 15 years in real estate development and construction in West Cairo. Its inaugural project, the “ZAT” Community, achieved significant success, which bolstered the company’s growth strategy and led to the initiation of its second project.

The ZAT Community initiative is a comprehensive residential development situated on a 10-feddan site, set to be executed over a three-year period. The initial phase of the project has already sold out, and preparations are currently in progress for the rollout of the second phase, El Sayed explained. Additionally, construction has commenced, demonstrating a well-defined strategy that the company is pursuing by introducing new investment windows while simultaneously fulfilling its obligations to complete existing projects.

El Sayed mentioned that the initiation of the COY project elevates the company’s sales goal for this year to EGP 4 bn in projected sales for both the COY and ZAT Community projects.