Latest news with #sustainablecommunities
Zawya
26-05-2025
- Business
- Zawya
TBK Developments announces $3.60bln investment across three real estate projects in Egypt
Egypt - TBK Developments, the real estate arm of Tabarak Holding Group, has unveiled three ambitious new projects located in New Cairo, Heliopolis, and along the Cairo–Alexandria Desert Road. This announcement marks a significant expansion in the company's portfolio, which now totals EGP 180bn, following a strategic land acquisition near the new Sphinx International Airport. The new developments underscore TBK Developments' commitment to supporting Egypt's urban expansion goals, emphasizing smart infrastructure, sustainable communities, and modern design principles. The company continues to solidify its position as a key player in Egypt and the broader MENA real estate market. 'These three projects, along with our latest land acquisition, reflect our vision of creating integrated communities that deliver genuine value and meet the evolving needs of a new generation,' said Ali Al Shorbany, Chairperson of Tabarak Holding and TBK Developments. Located in one of Greater Cairo's most dynamic districts, Keystone spans 37,000 sqm and offers a mixed-use environment of commercial, administrative, medical, and hospitality spaces. Developed in partnership with global firms Benoy and EHAF, the EGP 20bn project combines architectural innovation with functional versatility. Positioned at kilometer 47, opposite Sphinx International Airport, this 212,000 sqm development includes 192 villas, 300 residential units, and dedicated commercial and hospitality zones. With a built-up area of 104,000 sqm, the EGP 20bn project is designed to foster a balanced, upscale lifestyle in a strategically vital location. On a 9-feddan plot in Heliopolis, this high-end development features 1,200 luxury residential and serviced apartments, 560 administrative units, and 90 commercial spaces. With a total built-up area of 243,400 sqm and an investment of EGP 12bn, the project aims to redefine urban living in one of Cairo's most historic districts. In addition to these projects, TBK Developments has acquired an 800-feddan land parcel adjacent to Sphinx International Airport, earmarked for large-scale development in collaboration with renowned urban planning firm HHCP. This EGP 136bn investment is set to transform the area into a new benchmark for integrated, sustainable development in the region.
Trade Arabia
19-05-2025
- Business
- Trade Arabia
Diyar Al Muharraq completes Jeewan Community Center construction
Diyar Al Muharraq, Bahrain's largest real estate developer, has announced the completion of construction works on its community centre located in Jeewan. This marks a key step in the company's ongoing commitment to social responsibility and creating well-rounded, sustainable communities. Drawing influence from contemporary Bahraini architecture, the community centre has been constructed with the highest standards in collaboration with Bawab Contracting as the main contractor, HAJ Quantity Surveyors Co as the project manager, Arab Architects as the lead consultant, and DG Jones and Partners as the cost consultant. On the occasion, Eng Ahmed Ali Alammadi, Chief Executive Officer of Diyar Al Muharraq, said: 'As part of our deep-rooted commitment to social responsibility, we aim to develop projects that enhance our residents' quality of life and meet their evolving needs. We are pleased to announce the completion of the Jeewan community center, which will play an essential role in strengthening social ties and encouraging a healthy lifestyle. We also extend our sincere appreciation to our partners, whose dedication and expertise remain instrumental in delivering this project in line with the highest quality standards embedded across all our developments.' The centre was constructed on an area of 3,066 sq m with a built-up area of 380 sq m. The space includes a variety of service and retail facilities, featuring an outdoor children's play area, a multi-purpose outdoor court, and seven retail units ranging from 29 sq m to 77 sq m. These amenities aim to serve both Jeewan residents and its neighboring communities. Diyar Al Muharraq is the kingdom's largest integrated residential city that blends luxury with the core family values of Bahraini society. The development offers a wide range of housing solutions and contemporary lifestyles, complemented by a mix of residential, commercial, recreational, and healthcare facilities that embody the vision of modern, future-ready urban infrastructure. -TradeArabia News Service
