ArabFinance: Egyptian real estate company PRE Developments plans to achieve EGP 2.5 billion in sales from launching its Jebal El Sokhna project next week, the firm’s Managing Director Hashem el Kadi said in a September 8th press release.
The development spans an area of 71 feddans, situated 125 meters above sea level, El Kadi added.
PRE Development is the developer and promoter for Jebal El Sokhna project, which comprises 22 swimming pools as well as a five-star hotel.
The property company started to carry out the development before promoting it, the official said, noting that about 10% of the project has been executed.
El Kadi, who joined the company last March, said PRE Developments has completed several projects such as Stone Residence in the 5th Settlement in New Cairo, in addition to Stone Street, and others.
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