Ebny Real Estate Development, a leading Egyptian developer, announced today that it achieved EGP 3 billion in sales in 2023. The company is targeting to double its sales in 2024 to reach EGP 6 billion.
Dr. Abdullah Kamel, Chairman of Ebny Real Estate Development, said: “Our vision since our inception in the Egyptian market has been based on a fundamental concept of building sustainable communities.”
He added: “Ebny Real Estate Development has been operating in the Egyptian market since 2012, with a total investment portfolio of EGP 15 billion.”
Green Avenue Project in New Sohag to be Delivered in 2024
Dr. Kamel explained: “The company’s first project in New Sohag City is the Green Avenue project, which is built on an area of 20 acres. It is a fully serviced residential compound and the first smart compound in Upper Egypt, offering triple play services in partnership with Vodafone.”
He added: “It is planned to allocate EGP 1 billion for the project in preparation for its delivery in 2024.”
West Way Mall:
The company is also implementing the West Way project, a commercial and entertainment center in New Sohag City, with an area of approximately 10,000 square meters. It includes the best brands, restaurants, a children’s play area, a medical clinic, and other services. Located next to the Green Avenue project, the mall will provide entertainment and leisure services for the residents of the compound and the surrounding areas.
Azalea Resort:
The company has also acquired a 36-acre land plot in New Sohag City to implement the Azalea Resort project, the company’s second project in New Sohag. It is a fully serviced residential resort with the concept of a tourist resort.
Ebny Real Estate Development is committed to providing high-quality, sustainable, and innovative real estate projects that meet the needs of its customers and contribute to the development of the Egyptian market.
