Safwa Urban Development Aims for EGP 7 Billion Sales with EGP 5 Billion Investment in 2025
Safwa Urban Development plans to invest EGP 5 billion in construction and aims for EGP 7 billion in sales in 2025. The company has delivered 1,500 residential units and aims to double this number. Its major projects include Capital Heights and SUD Pixel, while maintaining a robust portfolio and market position through its subsidiaries.
Safwa Urban Development (SUD) has unveiled an ambitious plan for 2025, targeting EGP 7 billion in sales while allocating EGP 5 billion for construction projects. This commitment marks a significant increase from the EGP 4 billion invested last year. According to Mohamed Shalaby, CEO and Managing Director, SUD’s rapid development efforts will be supported by the successful sale of 100,000 square meters in 2024 and the launch of new projects. The company boasts a total land portfolio of 2 million square meters, operating primarily on a self-funding basis.
Medhat Shalaby, Chairperson of SUD, reported the successful delivery of 1,500 residential units and aims to double this to 3,000 in the coming year. He emphasized SUD’s pivotal role in the New Administrative Capital, where the firm has invested EGP 18 billion across five significant projects. These include Capital Heights 1, a 50-feddan residential compound containing 2,000 units, and Capital Heights 2, which features 2,450 units across 57 feddans. Additional notable projects include the 30,000 square meter Capital Hub 1 and the strategically located Financial Hub within the Financial and Banking Districts.
In addition to their developments in the New Administrative Capital, SUD is also expanding its presence in New Cairo. Board member Youssef Shalaby revealed that the company has successfully developed and delivered 7,000 residential units since its inception, fostering client trust through consistent quality. A notable recent project is SUD Pixel, a mixed-use commercial and administrative development in Fifth Settlement, covering more than 3,000 square meters with tailored unit sizes to fit various business requirements.
Ali Shalaby, another board member, mentioned that SUD Integrated Group comprises five subsidiaries across diverse sectors, enhancing the company’s market position. With substantial investment plans and an expanding portfolio, SUD is poised to become a leader in Egypt’s real estate sector, delivering high-quality developments that stimulate economic growth.
In summary, Safwa Urban Development is set to make significant strides in the real estate market with ambitious plans for 2025. The company aims to achieve EGP 7 billion in sales and invest EGP 5 billion in construction. With a focus on quality development in the New Administrative Capital and New Cairo, SUD demonstrates its commitment to growth and client satisfaction, reinforcing its position as a key player in Egypt’s real estate industry.
Original Source: www.dailynewsegypt.com
