Shalaan stated that this step is part of Royal Real Estate
Development's expansion plan, which focuses on investing in East Cairo. This
reflects its belief in the importance of this area as a promising growth hub
and a highly attractive investment destination.
He added that this is due to the significant infrastructure
development the area is witnessing, in addition to its close connection to the
New Administrative Capital. This makes it an ideal place to live and for
long-term real estate investment.
Shalaan noted that the "Monarch" project in
Mostakbal City has so far completed 20% of the total concrete volume. The first
phase has also been completed, with 40% of the first phase and 10% of the
second phase. Furthermore, the company is close to completing sales of the
third and final phase of the project, according to the company's approved sales
plan.
Shaalan confirmed that the construction plan is progressing
at a rapid pace, in line with the scheduled timetable and even exceeding it in
some phases. He also emphasized the company's commitment to delivering the
project according to the dates agreed upon with customers, in line with the
project's sales plan.