Launched in the summer of 2022, the MED’s first phase is designed by ALCHEMY ARCHITECTURE, incorporating contemporary Mediterranean architecture to include “Mediterranean villas” with direct beach views, and “Waterfall villas” with private beach lagoons and direct views over swimmable lagoons and waterfalls.
Prices in Palm Jumeirah soar 59% while prices in the Trade Center First skyrocket 210%.
The first phase includes around 14 feddans, out of the park’s total area of 44 feddans, in partnership with major companies.
Chairman of Concept Developments, Ehab Aboelmagd, comments that the company plans to accelerate the project's implementation while maintaining the highest quality.
Shoukry lists a series of successes achieved by the chamber over the year including the cabinet’s approval of extending project implementation for developers for 6 months.
Fixed revenue of the real estate sector grows to EGP 10.7 bn in the nine-month period that ends on September 30th from EGP 9.1 bn the year before.
Located in New Cairo’s Gold Square district, the multi-purpose project’s investment cost amounts to around EGP 3 bn and the first phase thereof will be tendered to contractors in the coming period.
Under the MoU, Geocycle, a provider of sustainable waste management solutions, will integrate green and eco-friendly solutions by contracting with factories in Sokhna 360 for the safe and sustainable management of industrial waste.
Schneider Electric will supply advanced technologies to the Paragon 1 Admin building project, in partnership with a group of industrial and commercial customers.
The platform will allow for control and maintenance of the project’s infrastructure, including electricity, heating, air conditioning, water, gas, data centers, databases, DCIM, traffic, security, and command and control centers.
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