This includes sales and bookings in Ras El Hekma, Just two months after launching the project
IL Cazar announced achieving sales and bookings worth 9.8 billion EGP for its new project, Safia, which it is developing in the Ras El Hekma area. This was accomplished within just 3 days of launching various units of the project for sale, and only two months after the company launched the project.
Safia project is one of the recent developments on the North Coast, specifically in Ras El Hekma, a stunning coastal investment area experiencing significant demand from both Egyptians and foreigners for its units.
Safia is a residential and hotel project located strategically at kilometer 186, covering a vast area of 180 acres with an investment of 30 billion EGP. The project features unique architectural designs, with terraces starting from 3 meters high and reaching up to 40 meters, providing all units with panoramic sea views. IL Cazar plans to complete the delivery of the project by 2029.
Nader Khuzam, Chairman and CEO of IL Cazar, emphasized the significance of this achievement and said: “The sales and bookings achieved for the Safia project within just three days is a real accomplishment for us, demonstrating IL Cazar’s ability to attract more clients and giving us greater confidence in the projects we offer, thanks to the strong trust we have received from our clients. We always strive to provide a different experience for our clients and the Egyptian market and contribute to promoting Egyptian real estate products and supporting the state’s plan to attract more foreign currency to the country.”
Fady Nassif, Vice Chairman of IL Cazar, expressed his satisfaction with this step, emphasizing that the company was keen to offer a distinguished coastal project that can strongly compete in an area with intense competition among many large projects. He stated that Safia adds value to an emerging investment area like Ras El Hekma.
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