PROJECTS: Egypt’s PRE Developments launches Jebal El Sokhna project

SourceZawya
SectorReal Estate
CountryEgypt

Egyptian developer PRE Developments has launched its mixed-use Jebal El Sokhna project in Ain Sokhna, a top company official said.Managing Director Hashem El Kadi told Zawya Projects that the project included 1,350 chalets and villas, 22 pools, a 5-star hotel, and a 10,000 sqm commercial mall.He said the project's residential component would be developed at an investment of about 2.5 billion Egyptian pounds ($160 million) but declined to elaborate on project timelines and tenders.PRE is also planning to launch a 12-tower commercial project Stone Street in the Fifth Assembly in November, El Kadi added.(1 US Dollar = 15.66 Egyptian Pounds)(Reporting by Eman Hamed; Editing by Anoop Menon)(anoop.menon@refinitiv.com)Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, ...read more...