Latest news with #SheikhZayedCity
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
22-05-2025
- Business
- Zawya
Saudi Group Developments unveils Valea project in West Cairo
Egypt - Saudi Group Developments has officially launched Valea, a new mixed-use residential project in Sheikh Zayed City, West Cairo, with a total investment of EGP 3bn. The development is a strategic collaboration between Saudi businessman Eng. Yahya bin Ahmed Al-Ansari, Chairman of Saudi Group Developments, and Eng. Bashar Mohamed Abu Hamar, the Group's CEO. Valea will offer a variety of residential options, including one-, two-, and three-bedroom apartments, as well as penthouses. A commercial mall overlooking the Cairo-Alexandria Desert Road will serve residents and visitors, enhancing the community's lifestyle offerings. In a move towards sustainable urban planning, the entire internal area of the project has been designed for pedestrians and cyclists, with vehicle access restricted to the outer perimeter to ensure a safe and tranquil environment. 'The Valea project reflects our vision to build integrated residential communities that offer more than just homes — they deliver a balanced lifestyle that embraces innovation, sustainability, and privacy,' said Al-Ansari at the launch event. 'We believe the future of real estate lies in respecting the environment and enhancing people's well-being.' CEO Bashar Mohamed Abu Hamar emphasized the company's market-oriented approach: 'This project represents our commitment to providing real value to the Egyptian market through modern communities that meet international standards while preserving Egyptian heritage.' Ziad El-Sayyad, Head of the Architecture Department at Alexandria University and the project's lead architectural consultant, highlighted that Valea's design focuses on sustainability, energy efficiency, and expansive green areas to promote comfort and well-being. The project also includes a commercial hub tailored to meet residents' everyday needs. With Valea, Saudi Group Developments aims to deliver a smart, private, and comfortable living experience in one of Egypt's most dynamic urban centers.
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.
