Engineer Abdel Rahman Agami, CEO of Sky Abu Dhabi, announced that this aligns with the company's strategy to double its investments in Egypt. This decision is driven by the company's confidence in the promising opportunities within the Egyptian real estate market and its ability to deliver integrated, value-adding projects to the sector. The project also supports the state's vision for developing the North Coast region and will be launched soon.
He clarified that the company intends to execute an
integrated residential and tourism project on its new land in Ras El Hekma,
targeting an impressive EGP 240 billion in total sales. He highlighted that
this move underscores the immense trust Sky Abu Dhabi places in the robust
growth prospects of Egypt's real estate market, particularly within burgeoning
coastal areas such as Ras El Hekma.
Agami further emphasized that this project reaffirms Sky Abu Dhabi's commitment to delivering value-added projects. These projects, based on the latest sustainable design standards, effectively contribute to urban and tourism development in the country.