Abraj Misr announced the launch of the newest phase, View 46, of The Shore developmental project, which includes touristic, residential, and entertainment resorts in Ras El Hekma at the North Coast.
The project is located on an area of 180 acres with a total investment of up to EGP 2bn.
Tarek Bahaa, commercial director at Abraj Misr, said the company chose the name View 46 for the new phase of the project owing to the 46-metre elevation of the area from sea level.
The project is to be styled as a gradual terrace to maximise the visible sea landscape along the 1,100 metre coast of soft sand and blue water, added Bahaa.
He pointed out that construction work of these terraces is already completed.
Bahaa noted that the new phase is located on 60,000 sqm and includes 500 housing units in a variety of styles, starting from two to four rooms and ranging in size from 115 sqm up to 180 sqm. The units are all fully finished and equipped with kitchens and air conditioning units.
Abraj Misr contracted with Mena for Engineering Consultation and Development, one of the largest construction companies in Egypt and the Arab world, to carry out part of the work of the first phase of the project with investments amounting to EGP 100m, added Bahaa.
The Shore is strategically located off kilometre 186 on the Alexandria-Marsa Matrouh Desert Road, and is approximately 240 km from Cairo.