SKY AD Developments launches Blue Tree project in New Cairo with $261mln investment

SKY AD Developments launches Blue Tree project in New Cairo with $261mln investment

Egypt - SKY AD. Developments, the subsidiary of Diamond Group, has launched its latest prominent project, Blue Tree, located in Golden Square in New Cairo with total investment worth EGP 8bn.

Spanning over 50 feddan, the mixed-use project includes residential, commercial, and administrative units offering luxurious and sustainable living spaces.

The launch of Blue Tree comes after two years of SKY AD.’s commencement in the Egyptian real estate market as part of the company’s expansion plan regionally and globally.

CEO of Diamond Group and SKY AD. Developments Abdelrahman Agami stated: “We have an ambitious plan to invest and expand further in the Egyptian market, therefore we have already launched three different projects in a record time, and we aim to increase our investments in the coming period.”

The urban development plans adopted by the Egyptian government encourage developers to establish integrated residential, commercial, and administrative projects, and we at SKY AD. are keen to implement this vision,” he said.

Agami added that the company considers Blue Tree as an added value to the Egyptian real estate market, commented, “Bringing its expertise in implementing rapid delivery of units with the highest quality standards, SKY AD. offers a remarkable model in developing integrated urban projects in the