FUD launches O|Kardia with EGP 3bn investments

FUD launches O|Kardia with EGP 3bn investments

Four U Development (FUD), a subsidiary of Al Batal Real Estate Investment Group, has launched O|Kardia, a mixed-use project in New Obour City, with a total investment of EGP 3bn.

FUD’s Chairperson Reda Karas said that the company has been operating in the real estate market for 24 years and has developed various projects, including residential, educational, and commercial ones, in Obour and Shorouk cities.

He added that O|Kardia, which spans 10 feddan, is a residential, commercial, and administrative project that has received ministerial approval before its official launch. The project is expected to be completed and delivered within three years.

He also stressed that the company sets realistic prices that reflect the changes in the cost of construction and ensure the timely completion of the project.

Karas revealed that the company plans to launch three new projects in the first half of this year, including one in Shorouk City. He said that FUD aims to increase its investment portfolio to EGP 6bn through an ambitious expansion plan that diversifies its projects and locations. The company intends to enter the New Administrative Capital and New Cairo markets, as well as one of the coastal cities.

FUD’s Chief Commercial Officer, Mohamed Nassar, said that pricing is