Safwa Urban Development is targeting EGP 7 billion in sales and plans to invest EGP 5 billion in construction in 2025. The company has a robust pipeline, including major projects in the New Administrative Capital and New Cairo, with a past delivery of 7,000 residential units and a commitment to high-quality developments.
Safwa Urban Development (SUD) has announced a robust plan for 2025, projecting an investment of EGP 5 billion in construction, a notable rise from EGP 4 billion spent the previous year. This initiative underscores the company’s dedication to enhancing development across all its projects, as stated by CEO Mohamed Shalaby. SUD aims to achieve a sales target of EGP 7 billion for 2025, following the successful sale of 100,000 square meters of real estate in 2024, bolstered by the introduction of new projects. With a total land portfolio of 2 million square meters, the company is financing its ventures through internal resources.
Chairperson Medhat Shalaby emphasized that SUD has delivered 1,500 residential units and plans to double this number to 3,000 units in the current year. He highlighted the company’s leadership role in the New Administrative Capital by securing key locations early, resulting in investments of EGP 18 billion across five significant capital projects. These include Capital Heights 1 and 2, residential compounds offering 2,000 and 2,450 units, respectively. Additional projects include the Capital Hub, a commercial center, and the Financial Hub, located centrally within the Financial and Banking Districts.
In addition to its developments in the New Administrative Capital, SUD is also expanding its presence in New Cairo. Board member Youssef Shalaby noted that SUD has developed and delivered 7,000 residential units since its inception, consistently meeting client expectations and enhancing brand trust. A standout project is SUD Pixel, a mixed-use commercial and administrative development in Fifth Settlement, featuring multiple floors and versatile unit sizes to cater to various business needs.
Ali Shalaby, another board member, highlighted that SUD Integrated Group comprises five subsidiaries operating in diverse sectors, further solidifying the company’s market position. With ambitious investment strategies and an expanding portfolio, SUD aims to establish itself as a leader in Egypt’s real estate sector, delivering high-quality developments that contribute to economic growth.
Safwa Urban Development (SUD) is set for substantial growth in 2025, with planned investments of EGP 5 billion and a sales target of EGP 7 billion. The company’s successful projects demonstrate its commitment to delivering quality developments in key locations, particularly in the New Administrative Capital and New Cairo. With an expanding portfolio and strategic subsidiaries, SUD is poised to become a leader in Egypt’s real estate market, driving economic advancement.
Original Source: www.dailynewsegypt.com
