Latest news with #ShehataElSayed
Zawya
26-05-2025
- Business
- Zawya
Voya Development launches COY project in West Cairo
Egypt - Voya Development has announced the launch of its latest real estate project, COY, in Sheikh Zayed City, West Cairo. The project marks the company's second venture in the area, with total investments of EGP 2bn. Essam El Naggar, Chairperson of Voya Development, stated that the successful launch of the company's first project in West Cairo laid the foundation for introducing COY. 'We believe excellence starts with unconventional ideas. This belief guided the development of COY, a project crafted to meet the aspirations of both current and future clients by combining a prime location, distinctive design, and integrated services,' he said. 'COY embraces an ultra-modern style and aims to set new standards for smart community development in Egypt's real estate market—particularly in the fast-growing West Cairo region.' According to El Naggar, the built-up area will constitute just 20% of the project's total land, with the remainder allocated to green spaces and water features. The development is expected to be completed within four years. The company has commissioned Hafez Consultants Office to handle the project's design, while Sabbour Consulting will serve as the executive consultant. Shehata El Sayed, CEO of Voya Development, highlighted that the company is also progressing with its first project, ZAT Community, located on 10 feddans in West Cairo. He noted that the launch of COY will boost the company's total sales target to EGP 4bn this year, combining revenues from both COY and ZAT Community. He emphasized the strength and resilience of Egypt's real estate sector, describing it as one of the most attractive areas for investment. 'The sector continues to demonstrate stability, driven by genuine demand, a growing population, and extensive urban development initiatives led by the government. Real estate remains a safe investment option, encouraging developers to expand and launch projects that meet the evolving needs of the market.' © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Zawya
20-05-2025
- Business
- Zawya
Egypt's Voya Development launches $40mln COY residential project in West Cairo
Egyptian real estate firm Voya Development has launched its latest project, COY, in Sheikh Zayed City with total investments of 2 billion Egyptian pounds ($40 million), marking the company's second residential venture in West Cairo. Chairman Essam El Naggar told Zawya Projects that the 42-acre development with 80 percent green cover is expected to be completed within four years. Voya has partnered with Vodafone to provide smart technology services throughout the compound. Hafez Consultants is the architect while Sabbour Consulting is the executive consultant. CEO Shehata El Sayed said the company is building on the momentum of its first project, ZAT, a 10-acre development also located in West Cairo. The first phase of ZAT has sold out, and construction is already underway. El Sayed added that Voya plans to further expand in the West Cairo market and is also eyeing the North Coast for a mixed-use residential and tourism development. He said Voya has raised its 2025 sales target to EGP 4 billion ($80 million), driven by both COY and ZAT projects. (1 US Dollar = 49.97 Egyptian Pounds) (Reporting by Eman Hamed; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
