He notes that solutions include magnetic smart cards which store all companies’ project data.
Saudi Egyptian Developers uncovers the axes of its sustainable development plan in the real estate market, in conjunction with the launch of the United Nations Climate Summit (COP 27).
The company’s total revenue surges to EGP 6.7 bn in 9 months to September 30th 2022 from EGP 4.9 bn in the same period a year earlier.
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.
20% of the project is implemented before the start of its marketing.
Victoria Burrows, Director for Advancing Net Zero at World Green Building Council, maintains that greening of energy grids is imperative, along with partnerships between the public and private sectors.
New sales at Badya jump 109% YoY to EGP 4.2 bn in the first nine months of the year, while sales at Palm Hills New Cairo surge 99% YoY to EGP 3.3 bn.
The new entity is established by an Egyptian-Saudi partnership to develop several urban projects in Egypt in the coming period.
He notes that the project is planned to be marketed within two years.
Buyers were being selective and mainly opted to purchase property from well-reputed developers with strong balance sheets.
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