Egypt’s AlQamzi Developments sales exceed EGP 1 bln in 1st day of offering residential units in SeaZen North Coast

Egypt’s AlQamzi Developments sales exceed EGP 1 bln in 1st day of offering residential units in SeaZen North Coast

Emirati-Egyptian joint venture AlQamzi Developments announced that it achieved sales contracts of over EGP one billion in the first day of offering residential units purchasing in its latest projects SeaZen North Coast.

AlQamzi Developments got the ministerial decree no. 608 of 2022 that approves the expansion of its projects in the North Coast through SeaZen. SeaZen project is implementing over a surface area of 204 acres with over 690 meters beach overlooking Mediterranean Sea and located at 170 kilometers of Dabaa Road, with a total investment of EGP 14 billion.

Mr. Yasser Zidan, the Egyptian partner and AlQamzi Developments CEO said that SeaZen is considered as a new launch for the company that comes in light of its expansion plan which aims to inject EGP 22 billion of investments during the coming four years.

The sales contracts amount proves the seriousness of AlQamzi Developments to complete legal regulations and shows the company’s interest in accelerating implementation and executing rates to finish the project.

Zidan added that SeaZen project came to crown AlQamzi Development’s 12-year experience in the Egyptian market, in addition to over 25 years of experience in the real estate market in the United Arab of Emirates.

The Emirati real estate company decided to