Egypt's West Way Developments to launch new projects in 2023
Egyptian developer West Way Developments is planning to launch residential and commercial in in 2023, the company's chairman said.
Mohamed Farouk told Zawya Projects that the company will launch two residential projects in New Zayed, West Cairo at a total investment of one billion Egyptian pounds ($33 million).
The first project, a 5-acre, 36-villa development, involves an investment of EGP250 million ($8 million). Construction is slated to start by fourth quarter of 2023 and complete in two years, he said.
The second project, housing 100 villas in 15 acres, involves an investment of EGP 750 million ($24 million).
Farouk said they are planning to start construction by the first quarter of 2024 and complete in 30 months.
He added that Ray Design is the main consultant of both projects.
Vice Chairman Hussein Salah said Ray Design is also the lead consultant for an EGP 750 million ($24 million) commercial project, spread over of 2,300 square metres (sqm) in Sheikh Zayed City.