Misr Italia Real Estate “acquires 400 acres in the North Coast to launch a new project with investments of 23 billion pounds.”

Eman Al-Wasili

Misr Italia Real Estate announced the completion of the acquisition of a plot of land in the The North Coast covers an area of ​​570 acres, and it is located at a kilometer 570 Alex-Matrouh Road in Ras Al-Hikma Bay, which is characterized by the most beautiful and purest beaches in the world, bringing the company’s land portfolio to 7.1 million square meters. Mohamed Hany Al-Assal, CEO and Managing Director of the company, said: “Misr Italia Real Estate is always looking to develop its real estate portfolio and expand its scope by providing innovative and high-quality products, and is keen to be present in the most distinguished and most demanded areas in the market, with the aim of Reaching the largest segment of the target customers, and from this standpoint, the company is preparing to launch its first projects in the North Coast region soon, which will be a pioneering interface in that region thanks to our extensive experience of more than


and repented A: “As usual in all its projects, the company plans to contract with the largest international consulting offices for design and planning, to develop an integrated plan for the project that takes into account the standards of sustainable development and the elements of smart construction and makes the most of the aesthetic components and the picturesque nature in the region, with the aim of providing a real estate product that meets the aspirations of customers And it achieves the highest level of luxury, comfort and pleasure.”

For his part, Mohamed Khaled Al-Assal, CEO and Managing Director of Misr Italia Real Estate , “The project’s investments amount to 57 one billion pounds, as the project will be built on terraces of gradual heights that allow the largest number of The units have an open view of the sea and enjoy its turquoise waters. It will also include a variety of residential units, a hotel, recreational and commercial areas, combined with water formations and green areas spread throughout the project.

It is worth noting that Misr Italia Real Estate is one of the first companies that directed its investments towards the new administrative capital with the Bosco and Vinci projects as soon as the political leadership announced the project , to be the first real estate developer from the private sector to deliver its projects in the capital. Thus, Misr Italia Real Estate is one of the three largest real estate development companies in the East Cairo region, as it achieved during the first half of this year 4.2 billion pounds in contractual sales, compared to about 2. billion pounds during the same period last year, with a growth rate of 65%.