Wed, 03 Mar 2021 - 11:16 GMT
Dr. Ahmed Shalaby, President & CEO of Tatweer Misr with the presenter, Rana Arafa, during the press conference
As part of its strategy to increase its geographical footprint across the country, "Tatweer Misr", the leading Egyptian Real Estate company, announced its expansions in the North Coast, following its success in the area. The company aims to develop a 200-acre land in partnership with “Kayan for Real Estate Development”, under the name of “D-Bay”, on the Mediterranean with initial investments exceeding EGP 7 billion.
D-Bay aims to increase Tatweer Misr’s overall land bank with approximately 845,000 sqm, adding up to more than 5.8 million sqm. The development is set to be located overlooking the crystal blue Mediterranean Sea with an 800-meter-long shoreline and a lagoon, where every home is a waterfront home as an extension to Fouka Bay’s unique masterplan design.
“The establishment of D-Bay is a step closer towards achieving our ultimate vision of developing sustainable, smart and happy communities while being geographically widespread to ensure that we are offering our clients luxury-standard living in diversified locations” stated Dr. Ahmed Shalaby, President & CEO of Tatweer Misr. He continued, “The new project comes in line with the governmental direction of transforming the Egyptian North Coast from a summer destination to an all-year round destination according to the 2052 vision.”
Dr. Shalaby stated that D-Bay is the latest addition to Tatweer Misr’s journey and is considered an extension of Fouka Bay that established itself as one of the most remarkable destinations in the North Coast following its operations in summer 2020. He added, “since our establishment we were able to develop successful and pioneering projects as a result of extensive expertise, team work, and a network of business partners who enabled us to achieve this reputation. Therefore, we will continue to work hard and progress, contributing to the economic growth.”
“Leveraging on previous success, we will continue to collaborate with our partners of success ensuring that Tatweer Misr’s clients experience world-class quality,” added Shalaby.
Tatweer Misr’s portfolio also features a wide array of projects in diverse locations, all featuring innovative design concepts and different personas. The projects are: IL Monte Galala, located on the Galala mountains, spanning over 545 acres, Fouka Bay, in Ras El Hikma, North Coast on an area of 220 acres and Bloomfields in Mostakbal City and adjacent to the New Administrative Capital. The mixed-use project spans over 415 acres split into 325 acres for the residential, commercial and administrative area and 90 acres dedicated to become an educational zone.