Upwyde Developments launches its latest project Iguall in the New Cairo, with a sales value of one billion pounds

Abdulhamid: We aim to inject 6 billion pounds of investment in 2022

Upwyde Developments, one of the leading companies in the real estate market, announced the launch of its latest projects IGUALL in the New Cairo, With a target sales value of over a billion pounds

The project is a commercial administration consisting of a floor and a high floor, four floors and two floors, Work on the project site is scheduled to begin during the third quarter of this year with full project delivery within 30 months according to the project schedule, said Mohamed Abdel Hamid, head of the commercial sector

Abdel Hamid revealed the contract with the engineering consultant, Engineer Mohamed Hafez Hafez Consultancy, one of the largest consulting and engineering offices who has a strong business history

We have a large and diverse portfolio of land in the New Cairo and Sheikh Zayed community

The head of the commercial sector said that the new city of Cairo had become the focus of investors' attention and the most attractive city to invest, with the highest return on investment, and that the company had drawn up a real estate expansion plan to implement a number of projects. Large and unique in terms of engineering and structural design

The Iguall project is the second project of Upwyde Development after its first project GRANOY, which is an administrative commercial project in the New Cairo, and contractual sales have been completed

Abdelhamid: Planned to expand the real estate market with various large projects

Mohi Faraj, a member of the board of directors, praised the role of the New Urban Communities Authority and its advanced thinking, which is a model to be studied and followed in many countries, as it provided investors in new cities with attractive investment opportunities that helped develop these cities and inject a huge volume of investments without complex procedures and bureaucracy, while facilitating the necessary procedures for investment