Egypt: Ajna Developments debuts new units in Carnelia Sokhna project

Egypt: Ajna Developments debuts new units in Carnelia Sokhna project

Egypt - The project includes various unit spaces with new and flexible payment plans that suit the needs of target customers.

Chairperson of Ajna Developments Osama Shalaby said that Egypt’s real estate sector is capable of facing economic challenges, which was proven by the sector amid the recent hike in prices of raw materials globally and high construction cost, as demand for real estate continued and companies achieved strong sales during the first half (1H) of this year.

Shalaby added that Ajna Developments is in process of studying expanding in East Cairo and the North Coast in line with the state’s plan to develop these areas, as well as with the increase of demand on these areas.

Chief Development Officer (CDO) at Ajna Developments Amr Eid stated that the project is being built on an area of 100 acres with total investments worth more than EGP 4bn, adding that the project is being developed over six phases.

Eid also said that the masterplan of the project was developed by SITES International and the famous Javier Oswaldo Cuevas López — CEO & Founder of CREATO ARCHITECTS — who was hired to develop interior architecture designs for the project.

He pointed out that the Carnelia Sokhna resort