Horizon Egypt Developments completes land acquisition for SA’ADA undertaking in New Cairo

Egypt’s profitable financial insurance policies, alongside intensive state investments in infrastructure, street networks, utilities, and public providers, have pushed land costs in New Cairo to unprecedented ranges, elevating the market worth of prime land within the space to roughly USD 1 billion.Throughout the framework of shut cooperation between Horizon Egypt Developments and the Lands Tasks Authority, and as a part of the corporate’s dedication to supporting the Egyptian authorities’s city improvement plans and strengthening the nationwide funding local weather, Horizon Egypt Developments introduced the completion of all procedures to accumulate the land for its SA’ADA New Cairo undertaking, which is affiliated with the Lands Tasks Authority.This strategic transaction displays a excessive stage of belief and coordination between each events and has contributed to enhancing the realm’s market worth and funding standing. It additionally helps the soundness and progress of the land market whereas growing its attraction to traders.Horizon Egypt Developments acknowledged that the acquisition represents a key addition to its actual property funding portfolio and aligns with the corporate’s long-term imaginative and prescient to develop built-in communities that correspond with the state’s city growth agenda. The undertaking is anticipated to ship robust financial returns and create tangible worth inside Egypt’s actual property market.The corporate reaffirmed its dedication to continued funding in Egypt and to enjoying an energetic position in delivering developments that help financial progress and contribute to the nationwide economic system.Based in 2021, Horizon Egypt Developments operates below the management of H.E. Sheikh Dr. Majid Bin Saeed Al Nuaimi, Chairman of “Ajman Ruler’s Emiri Court docket” and Horizon Egypt Developments. The corporate is supported by a powerful regional experience {and professional} capabilities, positioning it as a aggressive participant in Egypt’s actual property improvement sector.

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