{"id":606168,"date":"2023-09-12T00:00:00","date_gmt":"2023-09-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/12\/uae-developer-launches-egp-36-bn-new-cairo-real-estate-project\/"},"modified":"2023-09-12T00:00:00","modified_gmt":"2023-09-12T00:00:00","slug":"uae-developer-launches-egp-36-bn-new-cairo-real-estate-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/12\/uae-developer-launches-egp-36-bn-new-cairo-real-estate-project\/","title":{"rendered":"UAE developer launches EGP 36 bn New Cairo real estate project"},"content":{"rendered":"

UAE developers launch EGP 36 bn project in New Cairo: <\/strong>Horizon Egypt<\/a> Developments<\/a> \u2014 a real estate firm backed by UAE investors \u2014 last week unveiled its maiden real estate project, dubbed Saada New Cairo<\/a>, according to local media reports. <\/p>\n

About the project: <\/strong>The multi-use Saada development is set to cost some EGP 36 bn in initial investment. The 370-feddan plot in New Cairo will feature 1.3k villas, two hotels, 250 serviced apartments, an international school, a club, a mall, and a commercial and administrative area. <\/p>\n

Horizon? <\/strong>The company is owned by the UAE\u2019s Sheikh Majid Bin Saeed Al Nuaimi, a member of the Ajman royal family and head of the emirate\u2019s court. It also counts Abdullah and Adnan Saffarini of Dubai-based architect and engineering consultant firm Adnan Saffarini Group among its founders, according to the company\u2019s LinkedIn<\/a> page.<\/p>\n

Timeline: <\/strong>Reservations open this month for the first phase of the project, which includes 282 villas and has already been completed. Horizon has signed with Saudi firm Abdulla Al-Mis\u2019hal Contracting<\/a> to construct the project\u2019s remaining phases, which is expected to take four to five years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saada New Cairo is the developers\u2019 first project in Egypt<\/p>\n","protected":false},"author":1,"featured_media":606169,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7371],"tags":[72,11584,83,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-606168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-enterpriseam","tag-horizon-egypt-developments","tag-real-estate","tag-uae","wpautop","entry"],"acf":{"mongo_id":"742e9ae7-67ed-477b-8f23-36f0f23e3743","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/811.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE developer launches EGP 36 bn New Cairo real estate project","related_issue":[606159],"teaser":"Saada New Cairo is the developers\u2019 first project in Egypt","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.9f041ff3-8e21-428f-a4de-941e44dfaff2.mp3"},"yoast_head":"\nUAE developer launches EGP 36 bn New Cairo real estate project - 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The company is also looking to buy 850 feddans in the North Coast.","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558474,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/11\/sky-ad-plans-to-invest-over-egp-4-bn-in-2-projects-in-egypt-by-years-end\/","url_meta":{"origin":606168,"position":2},"title":"SKY AD plans to invest over EGP 4 bn in 2 projects in Egypt by year\u2019s end","author":"enterpriseam admin","date":"11 August 2021","format":false,"excerpt":"UAE-based Diamond Group\u2019s subsidiary Sky AD Developments will invest over EGP 4 bn in two projects in Egypt by the end of the year \u2014 one in the North Coast and one in New Cairo \u2014 Sky\u2019s chief executive Abdulrahman Agami told Reuters. 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