Montenapolene at El-Mostakbal city is a true model to a new generation of projects that rise to the level of global competition, with its integrated comprehensive services that ensure a modern, safe and vibrant lifestyle for its inhabitants.” Sabbour concluded. Egypt have taken serious step to facilitate such endeavors, which enabled us to cooperate with many major players who help us develop projects that add more value to the Egyptian real estate market. Thus, Al Ahly Sabbour have always sought to be a supporter for the state in every step.
“It goes without doubt direct foreign investment is a significant aspect in the economic wellbeing of any country. Ahmed Sabbour commented on the agreement. “The unprecedented urban development witnessed in Egypt over the past years, along with the State’s efforts to foster an attractive environment for foreign investments, both instill in us a sense of responsibility to contribute to these ambitious plans and strengthen Egypt’s economic status as a global leader.” Eng. The agreement was signed under Al Ahly Sabbour’s efforts to contribute to Egypt’s urban development plans and to attract more foreign investments to the Egyptian market. The project features a wide range of innovative residential, commercial and administrative units, with 5500 residential ones, including unique-concept fully finished townhouses, in addition to luxurious apartments ranging from 1 to 4 bedrooms on vast variety of spaces The project is strategically located at El-Mostakbal City in New Cairo, the heart of the eastern urban expansion of Cairo, and in close proximity to phase 1 of the new Administrative Capital, making it directly accessible by the new major roads and transportation infrastructures. “Montenapolene” project, inspired by the crowned fashion capital of the world Milan, is designed to reflect the Italian aesthetics on the Egyptian lands. Ahmed Sabbour, CEO of Al Ahly for Real Estate Development – Sabbour. Aref Khoury, President of Reportage Group, and in the presence of Eng.
Mostafa Askalany, Regional Director of Reportage Properties, on behalf of Mr. Tamer Erfan, CEO investment at Al Ahly Sabbour, and Eng. Message: Trying to get property 'authors_nickname' of non-objectįile: /home/fleekmag/public_html/sx-apps/views/modules/articles/details.phpįile: /home/fleekmag/public_html/sx-apps/controllers/modules/articles/Details.phpįile: /home/fleekmag/public_html/index.phpĪl Ahly Sabbour and Reportage Properties to jointly develop “Montenapolene” in Mostakbal City with EGP 12 billion in Expected revenues.Īl Ahly - Sabbour Developments, the Egyptian real estate market pioneer and the Emirati Reportage Properties, known for its outstanding large scale mixed-use developments in Dubai and Abu Dhabi signed an agreement to develop a unique real estate project iĪl Ahly - Sabbour Developments, signed an agreement to develop a unique real estate project in Mostakbal City, to be built on a total area of 465,000 m 2, with EGP 12 billion expected sales.
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