Safwa Urban Development plans to invest EGP 5 billion in construction for 2025, aiming for a total sales target of EGP 7 billion. The company has already delivered 1,500 residential units with plans to double this in 2025. SUD is expanding significantly in the New Administrative Capital and New Cairo, reinforcing its leadership in Egypt’s real estate sector with a strong track record and substantial projects.
Safwa Urban Development (SUD) has laid out an ambitious blueprint for 2025, with plans to allocate EGP 5 billion towards construction—a notable increase from the previous year’s EGP 4 billion. This commitment, according to Mohamed Shalaby, CEO and Managing Director, underscores the company’s dedication to accelerating development across its projects. In addition, SUD, having sold 100,000 square meters of real estate in 2024, has set a sales target of EGP 7 billion for the upcoming year, buoyed by new project launches. With a land portfolio totaling 2 million square meters, SUD continues to independently fund its developments.
Medhat Shalaby, Chairperson of SUD, stated that the company has successfully delivered 1,500 residential units and aims to significantly enhance this figure to 3,000 units in 2025. He emphasized SUD’s leadership role in the New Administrative Capital, having secured key locations at the project’s inception. The company has invested EGP 18 billion in five major projects in the capital, including Capital Heights 1, featuring a residential compound with 2,000 units, and Capital Heights 2, which includes 2,450 units, comprising luxurious residences up to 1,095 square meters. Other projects include Capital Hub 1 and 2, significant commercial centers located in prime areas, as well as the strategically located Financial Hub.
In addition to its strong presence in the New Administrative Capital, SUD is expanding within New Cairo. Youssef Shalaby, a board member, highlighted that SUD has successfully developed and delivered 7,000 residential units since its inception, consistently fulfilling client expectations and building brand trust. Among its recent key projects is SUD Pixel, a mixed-use commercial and administrative hub located in Fifth Settlement, which spans over 3,000 square meters with two basement levels and a variety of flexible businesses spaces.
Ali Shalaby, another board member, remarked that SUD Integrated Group encompasses five subsidiaries across diverse sectors, further solidifying the company’s market position. With substantial investment plans and a burgeoning portfolio, SUD is establishing itself as a frontrunner in Egypt’s real estate market, dedicated to delivering high-quality projects that contribute to economic progress.
In conclusion, Safwa Urban Development is proactively positioning itself for substantial growth in 2025 with a robust investment strategy and ambitious sales targets. By significantly increasing construction funds and aiming for high residential unit deliveries, the company demonstrates its commitment to enhancing Egypt’s real estate landscape. With successful projects in both the New Administrative Capital and New Cairo, SUD is set to reinforce its standings as a leading market player.
Original Source: www.dailynewsegypt.com
