Egypt’s New Jersey Developments unveils $63mln project in Ain Sokhna

SectorReal Estate

New Jersey Developments has announced the launch of its latest project, Jura El Galala, which is located on 10 feddan in Ain Sokhna. The project, worth a total of EGP 1bn in investments, is just 40 minutes from the New Administrative Capital (NAC) and 60 minutes from New Cairo.New Jersey Developments Chairperson Gerges Youssef said the company chose El Galala city to launch the project as it is Egypt’s most promising investment area. It enjoys unprecedented interest from the state, as part of the latter’s plans for urban development across the country.Youssef emphasised the company’s commitment to following the latest scientific and technological methods in designing and building project units according to the European style. These have been designed to meet all customer needs, and provide every aspect of luxury more...