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Maven Developments to invest EGP 15bn in residential project in North Coast

Maven Developments to invest EGP 15bn in residential project in North Coast
Chairman of Maven Developments, Mohamed Youssef

By: Abdullah Bedeir

Cairo – Mubasher: Maven Developments, the sister company of the US RiverWards Group, has launched a residential project in the North Coast’s Ras El-Hekma with investments of EGP 15 billion.

The 230-feddan project will feature 2,500 units, the company’s Chairman, Mohamed Youssef, said in a press conference on Tuesday.

The real estate developer targets EGP 3 billion in contractual sales from the first phase of the project in 2021, he added. 

The company applied advanced digital technologies based on artificial intelligence (AI) in collaboration with the US RoadBotics, Chairman of RiverWards Group and Co-Founder and Board Member of Maven Developments, Mohamed Roshdy, said.

 

Translated by: Zeinab Adel