Youssef bin Suleiman bin al-Harbi, Chairman of Winvestor Development, and Hisham Ibrahim, Managing Director of Winvestor Development, have conducted an inspection of the I Sheraton project site to announce the commencement of excavation and preparation for construction in the upcoming period, Invest-Gate reports.
They were accompanied by members of the company’s board of directors and several Saudi investors who expressed their admiration for the project.
On this occasion, Winvestor Development unveiled the latest phase of the project, featuring fully finished and furnished hotel units, with discounts of up to 10% on all units.
Hisham Ibrahim, Managing Director of Winvestor Development, stated that the company launched the new phase concurrently with the initiation of construction work on the project to ensure its delivery to customers ahead of the scheduled date.
Ibrahim highlighted the company’s objective of selling the available units to a wide range of customers, particularly foreigners and Egyptians residing abroad, with the aim of generating foreign currency inflows through the international market and achieving financial returns that contribute to stimulating the country’s economy.
The project, spanning an area of 4,650 sqm, encompasses four buildings comprising over 130 residential units. These units consist of two basements, a ground floor, and four additional floors, ranging in size from 87 sqm to 207 sqm. The project offers flexible payment plans and facilities spanning up to six years, with the delivery of the first phase scheduled to commence by the end of 2025.
In order to deliver a distinctive real estate product, Winvestor Development has engaged Criteria Design Group as the architectural and engineering consultant for the project, Ashranda Boutique Hotel to manage the hotel component, and IMS Solution to provide comprehensive marketing and investment consultations. Through the application of the highest engineering, environmental, and marketing standards, the project aims to add significant value.
