{"id":648422,"date":"2017-04-03T04:14:52","date_gmt":"2017-04-03T04:14:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/"},"modified":"2017-04-03T04:14:52","modified_gmt":"2017-04-03T04:14:52","slug":"wadi-degla-developments-launches-egp-2-bn-residential-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/","title":{"rendered":"Wadi Degla Developments launches EGP 2 bn residential project"},"content":{"rendered":"<p>Wadi Degla Developments is launching a new EGP 2 bn residential project in Ain Sokhna, CEO Maged Helmy announced at the CityScape Egypt real estate conference yesterday, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=328594\">Al Mal<\/a> reports. The compound will span 600k sqm, Helmy said, but did not clarify when the project is expected to be completed. Helmy also said the company has completed around 5-10% of its EGP 1.1 bn Promenade New Cairo compound, which was launched in February.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wadi Degla Developments is launching a new EGP 2 bn residential project in Ain Sokhna, CEO Maged Helmy announced at the CityScape Egypt real estate conference yesterday, Al Mal reports. The compound will span 600k sqm, Helmy said, but did not clarify when the project is expected to be completed. Helmy also said the company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648422","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"3922122a-3324-47e6-8867-9f4cc0ccf28e","order":"0","is_powered_by":true,"section_story_id":"ca44cf5a-544a-49fe-836f-f94eebe8e10d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648392],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Wadi Degla Developments launches EGP 2 bn residential project - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wadi Degla Developments launches EGP 2 bn residential project\" \/>\n<meta property=\"og:description\" content=\"Wadi Degla Developments is launching a new EGP 2 bn residential project in Ain Sokhna, CEO Maged Helmy announced at the CityScape Egypt real estate conference yesterday, Al Mal reports. The compound will span 600k sqm, Helmy said, but did not clarify when the project is expected to be completed. Helmy also said the company [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-03T04:14:52+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Wadi Degla Developments launches EGP 2 bn residential project\",\"datePublished\":\"2017-04-03T04:14:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/\"},\"wordCount\":79,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/\",\"name\":\"Wadi Degla Developments launches EGP 2 bn residential project - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-04-03T04:14:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wadi Degla Developments launches EGP 2 bn residential project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Wadi Degla Developments launches EGP 2 bn residential project - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/","og_locale":"en_US","og_type":"article","og_title":"Wadi Degla Developments launches EGP 2 bn residential project","og_description":"Wadi Degla Developments is launching a new EGP 2 bn residential project in Ain Sokhna, CEO Maged Helmy announced at the CityScape Egypt real estate conference yesterday, Al Mal reports. The compound will span 600k sqm, Helmy said, but did not clarify when the project is expected to be completed. Helmy also said the company [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-04-03T04:14:52+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Wadi Degla Developments launches EGP 2 bn residential project","datePublished":"2017-04-03T04:14:52+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/"},"wordCount":79,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","Real Estate + Housing"],"articleSection":["Real Estate + Housing"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/","name":"Wadi Degla Developments launches EGP 2 bn residential project - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-04-03T04:14:52+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Wadi Degla Developments launches EGP 2 bn residential project"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":649545,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/wadi-degla-acquires-mediterranean-contracting-company-delivers-10k-units\/","url_meta":{"origin":648422,"position":0},"title":"Wadi Degla acquires Mediterranean Contracting Company, delivers 10k units","author":"enterpriseam admin","date":"2 March 2017","format":false,"excerpt":"Wadi Degla Developments acquired Mediterranean Contracting Company Tuesday and is targeting the execution of EGP 14 bn worth of contracting agreements by Wadi Degla Holding contracting subsidiaries in the next seven years, Chairman and CEO Maged Helmy announced in a press conference yesterday. Helmy said the company\u2019s \u201cpresence near to\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","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":602495,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/cib-aaib-to-arrange-egp-1-7-bn-for-wadi-degla-holdings\/","url_meta":{"origin":648422,"position":1},"title":"CIB, AAIB to arrange EGP 1.7 bn for Wadi Degla Holdings","author":"enterpriseam admin","date":"28 March 2019","format":false,"excerpt":"Wadi Degla Holdings has reached an agreement with CIB and the Arab African International Bank to arrange a EGP 1.7 bn loan to finance Wadi Degla\u2019s Neopolis residential project in New Cairo\u2019s Mostakbal City, CEO Maged Helmy told the domestic press. Correction: 29 March, 2019 An earlier version of this\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631572,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/two-real-estate-companies-to-invest-a-combined-egp-3-4-bn-this-year\/","url_meta":{"origin":648422,"position":2},"title":"Two real estate companies to invest a combined EGP 3.4 bn this year","author":"enterpriseam admin","date":"21 March 2018","format":false,"excerpt":"Mena Group for Constructions and Trading is planning to invest EGP 3 bn in residential and touristism projects this year, Sales Manager Wael Salah El Din tells Al Borsa. Those include an EGP 2 bn residential and commercial project in Dokki \u2014 to be completed by 2022 \u2014 as well\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","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":655559,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/20\/chinese-automaker-faw-to-return-to-the-market-with-new-local-agent-plus-arab-contractors-orascom-investment-icon-wadi-degla-developments-mg-development-egypt-castings\/","url_meta":{"origin":648422,"position":3},"title":"Chinese automaker FAW to return to the market with new local agent. PLUS: Arab Contractors, Orascom Investment, ICON,  Wadi Degla Developments, MG Development, Egypt Castings","author":"enterpriseam admin","date":"20 November 2024","format":false,"excerpt":"Geyushi Motors was Egypt's agent for China's FAW Group up until four years ago when their partnership expired","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/610.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":676249,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/26\/arabia-developments-launches-egp-30-bn-tower-complex-in-new-capital-2\/","url_meta":{"origin":648422,"position":4},"title":"Arabia Developments launches EGP 30 bn tower complex in new capital","author":"enterpriseam admin","date":"26 November 2025","format":false,"excerpt":"The first phase is scheduled for completion in 2029","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1925.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":638577,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/first-group-to-establish-egp-4-bn-compound-in-fouka-north-coast\/","url_meta":{"origin":648422,"position":5},"title":"First Group to establish EGP 4 bn compound in Fouka North Coast","author":"enterpriseam admin","date":"9 October 2017","format":false,"excerpt":"Real estate developer First Group is planning to establish a new EGP 4 bn compound in the North Coast\u2019s Fouka area, Chairman Beshir Moustafa said, according to Al Masry Al Youm. The 95-feddan compound will include a four-star hotel and 1,600 residential units. Work on the first EGP 1 bn\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=648422"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648422\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648392"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648422"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648422"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}