City Edge Developments has managed to achieve EGP 8bn in sales of five skyscrapers in New Alamein City, according to the company’s CEO, Amr El Kady.
Furthermore, City Edge is marketing and managing the North Edge project in New Alamein City in favour of New Urban Communities Authority (NUCA).
El Kady informed Daily News Egypt that the company has achieved EGP 11bn in 2018, as a result of the great demand on the companies’ projects.
The implementation process in New Alamein is rather swift, with some towers reaching 11 floors, while the completion of the city’s entertainment area is underway, City Edge’s CEO revealed.
Moreover, the company has achieved EGP 1.5bn in sales of the Zahya project in New Mansoura in only three days of launching the project, unlike their previously declared forecasts, as they expected to achieve EGP 1bn sales in three months.
Additionally, El Kady confirmed that the government’s projects offered by the NUCA do not compete with the private sector. He stated that they are products like other products in the real estate market, and that the client is the final judge who selects between a myriad of products.
In May 2017, City Edge Developments and the NUCA signed a protocol to undertake the construction; development; management; design; branding; marketing; sales, as well as maintenance and aftersales services for seven projects taking place in New Alamein, the New Administrative Capital, and New Mansoura.