Egypt- Al Ahly Sabbour and the UAE’s Reportage Properties signed an agreement to develop the Montenapoleone project in Mostakbal City, as per the company’s press release on April 4th.
Spread over 465,000 square meters, the project is estimated to give EGP 12 billion in profits.
Montenapoleone, situated in New Cairo, will have 5,500 residential units.
Al Ahly Sabbour’s projects in Mostakbal City have been witnessing various progress; rather than from the launch of Rare, which will be built over two phases, construction for neighboring projects The Ridge, Alaire, and Alaire Park, is moving as per the schedule.
Al Ahly Sabbour has a long-proven track record in the market as the leading real estate developer. Over the course of more than 25 years.
The company has successfully built 62 big projects in different fields having residential, retail, office buildings, touristic, social, and sports clubs in prime locations in Egypt on over 12 million square meters.