Cairo, November 6, 2025 – El Waad Red Sea Real Estate Development and Tourism Company, announced completing its successful marketing of the second phase of its distinguished tourism project "Tavira Bay" in Ras Sidr, which includes comprising villas that was completed in a record time, which reflects the project's strong demand from clients seeking a comprehensive coastal experience that combines luxury with a prime location.
Eng. Sherif Okasha, El Waad Red Sea Chairman, said that the rapid successful marketing of the second phase assures the clients' confidence in the project and the company's success in delivering a distinctive real estate product, noting that this high demand is due to accurate attention to all details in design and implemtation, as well as the provision of diverse units to apply the needs of various client segments.
He added that "Tavira Bay" project extends 115 acres, and distinguished by the presence of a unique beach that lends a unique character to the residential and tourist experience, besides offering a variety of units, ranging from one and two bedroom chalets to independent villas, providing multiple options to suit different tastes, pointing that the project's architectural design mixes between a modern style with a comfortable coastal atmosphere, whether in the exterior facades or the interior units details.
He assured that the company is committed to its vision of delivering real estate and tourism projects that achieve the highest quality standards and support the state's plans to develop Red Sea cities and attract more tourism investments, as the Red Sea region has become one of the most important investment destinations in Egypt in the recent years, due to the government's focus on infrastructure development, including the development of road networks, ports, and airports, in addition to significant investment facilities that made Red Sea cities an ideal destination for developers and investors in tourism, real estate, and services sectors.