Safwa Urban Development (SUD) aims for EGP 7 billion in sales and plans EGP 5 billion for construction in 2025, an increase from last year’s EGP 4 billion. The company has delivered 1,500 units and seeks to double this number, with ongoing projects in the New Administrative Capital and New Cairo, reinforcing its status in the real estate sector.
Safwa Urban Development (SUD) has set an ambitious sales target of EGP 7 billion for 2025 and plans to allocate EGP 5 billion for construction, marking a substantial increase from the EGP 4 billion invested the previous year. This initiative demonstrates the company’s commitment to enhancing its developmental efforts across various projects, as expressed by CEO Mohamed Shalaby. In 2024, SUD successfully sold 100,000 sqm of real estate and continues its projects through self-funding with a total land portfolio amounting to 2 million sqm.
Chairperson Medhat Shalaby highlighted that SUD has delivered 1,500 residential units and aspires to double this number to 3,000 in the current year. The company prides itself on its influential role in the New Administrative Capital, having strategically secured prominent locations early in the development phase. SUD has made an impressive EGP 18 billion investment across five key projects in the capital, including the 50-feddan Capital Heights 1, which offers 2,000 residential units, and the 57-feddan Capital Heights 2, featuring 2,450 residential units, offering luxury accommodations.
Furthering its developments, SUD has also introduced the commercial sectors with projects like Capital Hub 1, a 30,000 sqm commercial center, alongside Hub 2, extending 35,000 sqm with multi-level facilities. Additionally, the Financial Hub is strategically located in the Financial and Banking Districts, enhancing the infrastructure of the New Administrative Capital.
In addition to its work in the New Administrative Capital, SUD is broadening its operations in New Cairo. Board member Youssef Shalaby remarked on the delivery of 7,000 residential units since the company’s establishment, addressing customer satisfaction and building reliable brand trust. The notable SUD Pixel project, comprising a mixed-use commercial and administrative center in Fifth Settlement, spans over 3,000 sqm, offering versatile space suited for diverse business needs.
Ali Shalaby, another board member, noted that SUD Integrated Group manages five subsidiaries across varying sectors, thereby reinforcing the company’s market position. With its robust investment strategies and expanding portfolio, SUD is poised to lead Egypt’s real estate sector, dedicated to providing high-quality developments that stimulate economic progression.
In conclusion, Safwa Urban Development is positioning itself as a formidable player in Egypt’s real estate sector with its ambitious EGP 5 billion investment for construction and a sales target of EGP 7 billion for 2025. The company’s strategic developments, especially in the New Administrative Capital and New Cairo, along with its commitment to quality and customer satisfaction, solidify its role in fostering economic growth in the region.
Original Source: www.dailynewsegypt.com
