The real estate developer, SKY AD. On Thursday, developments under the direction of the Emirati Diamond Group began construction on the Bluetree project in New Cairo’s prestigious Golden Square. This is the company’s third venture in Egypt and its first development in the Fifth Settlement.
During a media visit, the company formally announced the project by conducting a ceremonial laying of the foundation stone—executives including CEO Eng. Abdelrahman Agami and Chief Commercial Officer Mr. Mostafa Salah, highlighted their confidence in the Egyptian real estate market and commitment to the National Strategic Urban Development Plan 2052.
SKY AD. Developments are heavily investing in the Bluetree project to boost the sector’s GDP and create numerous jobs. The company focuses on customer trust, ensuring timely delivery of high-quality units. It has collaborated with JZMK Partners for design and Egis for project management to meet sustainability and quality standards.
“SKY AD. Developments are allocating around EGP 12 billion towards its developments throughout the Egyptian market, encompassing New Administrative Capital and New Cairo projects. This commitment is integral to our previously outlined EGP 15 billion investment strategy,” stated Eng. Abdelrahman Agami, CEO of SKY AD. Developments.
The EGP 8 billion Bluetree project, spanning 50 acres, will feature 1,300 residential, commercial, and administrative units. With amenities like a sports club, central park, and smart services, the project aims to deliver the first units by 2027. It has already sold 40% of its residential units, amounting to approximately EGP 5 billion in sales.
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