Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.



Al Ahly Sabbour to invest EGP 10bn in 2025
Published in Daily News Egypt on 12 - 02 - 2025

Al Ahly Sabbour Developments has reported a strong performance in 2024, surpassing its annual sales target by achieving EGP 32.5bn compared to the projected EGP 30bn. The company also delivered 2,500 residential units this year and plans to hand over an additional 1,500 units in 2025. Looking ahead, Al Ahly Sabbour aims to generate EGP 32bn in sales next year, backed by an ambitious EGP 10bn investment plan to accelerate construction and development across its projects.
During a recent press conference, the company announced new partnerships with leading global and local firms to enhance its developments. Egyptian infrastructure giant EJAB has been contracted to commence infrastructure works for the KEEVA project, with an investment of EGP 1bn. Additionally, Al Hazek Constructions has successfully completed the first phase of KEEVA. For the Alaire project, Build Tec has been assigned to develop infrastructure and roadworks following its successful execution of L'Avenir in Mostakbal City. Meanwhile, construction firm ICON will handle the exterior walls and gates for Alaire, Woodwalks, Rare, and The Ridge, ensuring high-quality standards.
Several of Al Ahly Sabbour's key projects have reached significant milestones. The Green Square project has been fully delivered, while L'Avenir is 100% constructed, with 60% of units already handed over and the remaining deliveries scheduled for completion by the second quarter of 2025. The first batch of Alaire deliveries is set for 2025, while the first phase of the GAIA project has been completed, with Phase 2 deliveries beginning in summer 2025 and full completion expected by summer 2026. In the KEEVA project, Phase 1 deliveries will start by the end of 2025.
As part of its regional expansion strategy, Al Ahly Sabbour has launched Wadi Zaha in Sultan Haitham City, Oman, while maintaining a strong focus on Egypt's real estate sector. The company will begin 2025 with two major project launches. SUMMER VIBES, the second phase of the SUMMER project in the North Coast, will feature 1,728 residential units with a total investment of EGP 10.5bn. Chalets will range from 88 sqm to 134 sqm, some offering private gardens or rooftop terraces. Positioned near a central lagoon, the phase will also include a boutique hotel, retail outlets, entertainment zones, and dining options. To ensure world-class quality, Al Ahly Sabbour is partnering with a globally renowned beach design consultancy to develop SUMMER's private beach.
In parallel, the company is expanding its AT-EAST project in Mostakbal City with a new release valued at EGP 2bn. The development will feature 700 residential units, including villas, apartments, and penthouses, with sizes ranging from 65 sqm to 160 sqm.
Commenting on the company's growth and vision, Ahmed Sabbour, Chairperson and Managing Director of Al Ahly Sabbour, stated: "As we enter 2025, we embark on a new chapter—expanding our projects with new phases that align with our vision of creating vibrant, distinguished communities that meet the aspirations of our clients and future generations while contributing to Egypt's Vision 2030 urban development strategy."
This latest expansion reaffirms Al Ahly Sabbour's commitment to driving innovation in Egypt's real estate market while pursuing new opportunities regionally.


Clic here to read the story from its source.