Engineer Abdul Rahman Ajami, CEO of Sky Abu
Dhabi, stated that the company's total investments in the Egyptian real estate
market have risen to EGP 99 billion, including the new project. He detailed the
new project's investment at an estimated EGP 80 billion, spread across 430
feddans (approximately 1,800,000 square meters), and encompassing residential
and hospitality components.
Ajami added that "Sky North" will be divided into five
sales phases and four construction phases.
The project will also feature a five-star hotel with 180 rooms, integrating hospitality into the development to capitalize on the booming tourism sector and increased foreign interest in the North Coast.