Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt, South Africa discuss strengthening cooperation in industry, transport    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Inertia Holding earns EGP 4bn in Jefaira North Coast project sales since launch
Company developing another enterprise in Sahl Hasheesh, bay located in Egypt's Red Sea coast
Shaimaa Al Aees Published in Daily News Egypt on 05 - 11 - 2018

Inertia Holding Group has achieved EGP 4bn in sales from its Jefaira North Coast project since the project was launched last year, Ahmed El Adawy CEO of Inertia Properties told Daily News Egypt.
El Adawy said that that the company intends to deliver three neighbourhoods within Jefaira North Coast in 2020, 2021 and 2022.
The project is located 1,300 feddan and we are exploring its expansion. In addition, the project is being completely self-financed, added the company's CEO.
El Adawy pointed out that the project stretches over 5.5m sqm, and includes 14 neighbourhoods, comprised of educational, medical and commercial activities, and is being developed within 20 years.
Jefaira North Coast is located at Kilo 188 Alexandria-Matrouh road, between Ghazala Bay and Ras Al Hikma.
"Jefaira North Coast has many distinctive services, the most important of which is a 5-star hotel, a commercial mall with restaurants and cafés, a mosque, eight swimming pools in the first phase, including a women's swimming pool and a children's pool, artificial lakes, four sports playgrounds around the village. Apartment sizes range between 105 sqm and 183 sqm," indicated El Adawy.
He elaborated that the three neighbourhoods' building permissions were acquired, and the company is developing the project's construction operations.
Tourism and educational activities are under development, and the project comprises of 2,500 service apartments throughout the entire project, highlighted the CEO.
"The company has succeeded in marketing three residential neighbourhoods with a total of 2,400 units that were fully marketed and under construction," stated El Adawy.
Moreover, he revealed that the company is developing another project in Sahl Hasheesh, a bay located in Egypt's Red Sea coast, across from Sharm El Sheikh, approximately 18 km south of Hurghada International Airport, on an area of 140,000 sqm. with investments of EGP 450m.
The second phase of the Sahl Hasheesh project is expected to be handed over by 2019, he announced.
Inertia Properties' land bank is 7m sqm and is under development, concluded El Adawy.

Clic here to read the story from its source.