With EGP 8 billion.. »EBNY« real estate expands in Upper Egypt after the success of »Green Avenue«

In conjunction with its own development of its own brand to go in line with the size of future expansions during the coming period, "Ebni" real estate development company signed an advisory alliance to a number of leading and distinguished consulting companies in a number of real estate development fields with the aim of developing the company's real estate product in the new Sohag governorate, to make a shift quality in the real estate market. 

Headed by the office of Dr. Yasser El-Beltagy "YBA" for engineering consultancy with the aim of developing and supervising the engineering, administrative and operational works of the company's project in New Sohag, the company signed with a number of the most prominent and best consultants in the Egyptian market.

·         Ebni's goals

Dr. Abdullah Kamel, Chairman of the Board of Directors of Ebni Real Estate Development, said during a press conference held on the sidelines of the signing of the alliance contract that the company’s vision since its launch in the Egyptian market is based on a basic concept, which is:

1- Building sustainable urban communities that are unique to the surrounding environment.

2- Providing its residents with the highest quality standards, to maintain the investment value of these communities, and this is what made us meticulous in choosing our business partners from the best and strongest advisory expertise in the field of real estate to achieve this goal.

Dr. Abdullah Kamel explained that under this agreement, there will be a focus on developing and following up the performance and implementation of the company's current projects.

·         8 billion pounds, my son's investments

It is noteworthy that Ebni has been working in the Egyptian market since 2012 and its investments are estimated at about 8 billion Egyptian pounds, so Ebni decided to enter the field of real estate investment in the most difficult times, but because of the insistence of its leaders and their belief that Egypt, despite all circumstances, will remain a land of opportunities. Investments in the field of real estate development, as one of the most important economic sectors supporting the national economy, to implement a number of real estate projects amounting to about 17 housing projects in Nasr City and Heliopolis, and then directed its investments to New Sohag to implement integrated residential urban projects there.

·         Investing in Upper Egypt

On the company’s vision to invest in Upper Egypt, Dr. Abdullah Kamel said that the idea stems from a personal conviction that there are real investment opportunities in Upper Egypt in line with the state’s strategic vision in implementing its comprehensive urban plan, where Upper Egypt has a large share, especially with the establishment of a number of new Upper Egypt cities. In each of its governorates to increase the exploitation of the resources of these governorates and provide investment and real work opportunities for its people, and thus achieve growth in the gross domestic product of the state as a whole.

·         Green Avenue is the company's first project

Kamel added that the company's first project in New Sohag is the Green Avenue project, which is being built on an area of ​​20 acres with investments amounting to one billion pounds.

·         Green Avenue Services

Green Avenue contains green spaces, services, beautiful landscapes, guard gates and surveillance cameras with smart and sustainable infrastructure, in addition to the implementation of the "Westway" project, which is a commercial and entertainment mall in New Sohag on an area of ​​approximately 10,000 square meters that includes the best brands, including restaurants and a children's area And a medical clinic and other services next to the Green Avenue project, where the mall will provide entertainment for the residents of the compound and the surrounding areas.

Residential complex with integrated services

 Because of the great demand achieved by the company's first project, the company acquired a 36-acre plot of land in New Sohag also for the implementation of "Azalea Resort" the company's second project, which is a residential complex with integrated services designed as tourist resorts due to its vast areas of landscaping, scenic landscapes and architectural designs.

It is noteworthy that the company has a strong management with experience to manage projects and implement maintenance work, in addition to providing hundreds of new job opportunities for the youth of Upper Egypt and contributing to the implementation of the state's plan to reduce overpopulation in governorates and major cities. And make the cities of Upper Egypt attractive to work and life.

The company is seeking to expand during the coming period, as Eng. Ismail Omar Ebni, General Manager, confirmed that they are now studying a number of investment opportunities in various cities of Upper Egypt.