Safwa Urban Development (SUD) plans to invest EGP 5 billion in construction for 2025, aiming for EGP 7 billion in sales. The company has sold 100,000 sqm of real estate in 2024 and is focused on expanding its development projects in major areas like the New Administrative Capital and New Cairo, with a strong record of delivering residential units and launching mixed-use developments.
Safwa Urban Development (SUD) has unveiled its ambitious strategy for 2025, targeting EGP 5 billion for construction projects, a notable increase from EGP 4 billion spent in the previous year. This investment aims to enhance development across all ongoing projects. CEO Mohamed Shalaby confirmed that SUD sold 100,000 sqm of real estate in 2024 and aims to reach EGP 7 billion in sales for 2025, supported by new project launches. The company is financing its initiatives through self-funding, backed by a land portfolio of 2 million sqm.
SUD’s Chairperson, Medhat Shalaby, indicated that the company has delivered 1,500 residential units and aims to double that to 3,000 in the current year. He noted SUD’s key role in the New Administrative Capital, where it has secured prime locations and invested EGP 18 billion across five major projects. These include Capital Heights 1, a 50-feddan residential compound with 2,000 units located centrally and near the Nativity of Christ Cathedral, and Capital Heights 2, which spans 57 feddans with 2,450 residential units, including upscale residences.
Further projects in the New Administrative Capital include Capital Hub 1, a 30,000 sqm commercial center in a bustling area, and Hub 2, which covers 35,000 sqm with multiple floors including basement levels. The Financial Hub is strategically located in the Financial and Banking Districts, enhancing SUD’s presence in the region.
In addition to its work in the New Administrative Capital, SUD is also extending its reach in New Cairo. Board member Youssef Shalaby reported the successful development and delivery of 7,000 residential units since the company’s inception, enhancing client trust and satisfaction. A notable project includes SUD Pixel, a mixed-use development in Fifth Settlement covering over 3,000 sqm, comprising commercial and administrative spaces tailored for various business needs.
Board member Ali Shalaby highlighted that SUD Integrated Group operates five subsidiaries across diverse sectors, strengthening its market position. With significant investment plans and an expanding project portfolio, SUD is establishing itself as a leader in Egypt’s real estate sector, dedicated to delivering high-quality developments that promote economic growth.
Safwa Urban Development is making significant strides in the real estate market with plans for EGP 5 billion in construction and a sales target of EGP 7 billion for 2025. The company has a strong portfolio, having delivered thousands of residential units and made substantial investments in the New Administrative Capital and New Cairo. Their diverse projects and operational subsidiaries position SUD as a key player in driving economic growth within the sector.
Original Source: www.dailynewsegypt.com
