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Egypt - Al Ahly Sabbour and the UAE’s Reportage Properties signed an agreement to develop Montenapolene project in Mostakbal City, according to the company’s press release on April 4th.
Spread over 465,000 square meters, the project is expected to generate EGP 12 billion in revenues.
Montenapolene, located in New Cairo, will feature 5,500 residential units.
Al Ahly Sabbour’s projects in Mostakbal City have been seeing tremendous progress; apart from the launch of Rare, which will be developed over two phases, construction for neighbouring projects The Ridge, Alaire, and Alaire Park, is moving according to schedule.
Al Ahly Sabbour has a long-proven track record in the market as a leading real estate developer. Over the course of over 25 years.
The company has successfully developed 62 major projects in diverse fields including residential, retail, office buildings, touristic, social and sports clubs in prime areas in Egypt on over 12 million square meters.
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