According to a press release, Attal Properties has partnered with Arab Contractors Company to launch its premier project in “The 101” with a total investment of approximately EGP 25 billion.
The project, which will cover more than 424,000 square meters, will be located on Plot No. 1 in Phase 1 of Mostakbal City in New Cairo.
Ahmed El-Attal, Chairman of El-Attal Group, said: “The 101″ offers a variety of luxurious residential units, including maisonettes, twin houses, townhouses, and villas, with sizes ranging from 120 to 500 square meters.”
” The project features all entertainment facilities, including sports and health clubs, artificial lakes, jogging and cycling tracks, vast green areas, and other recreational zones. Additionally, it boasts a sophisticated and smart security system ensuring safety and privacy for all residents,” El-Attal noted.
He also stated that only 30% of the project’s vast area is set aside for buildings and residential units, with the remaining 70% dedicated to various water bodies, landscapes, and integrated services.
Ahmed El-Assar, Chairman of Arab Contractors, commented: “We are enthusiastic about this partnership, which embodies the continuous efforts of El-Attal Properties to achieve excellence and success in real estate development.”
“We are committed to achieving tangible and innovative results that enhance our historical market position and serve the interests of our clients and partners,” El-Assar added.
The Arab Contractors own 11% of the National Bank of Egypt (NBE), Banque Misr, the National Investment Bank, and Misr Financial Investments Company.
