White Eagle Development launches EGP 2bn projects at NAC with Egyptian-Emirati partnership

White Eagle Development signed a partnership agreement with the Emirate’s Perfect Way with total investments approaching EGP 5bn as part of the company’s plan to expand and maximise its assets in the Egyptian market.

Chairperson of White Eagle Development Ahmed Gebili said the Emirati partnership is the first among a group of local and international partnerships, adding that the company is starting the partnership by launching its real estate project Darvell in the New Administrative Capital (NAC) with investments close to EGP 800m.

Gebili added that the company is also preparing to launch another project in the NAC with investments worth approximately EGP 1.2bn.

He noted that the company began increasing its portfolio of lands in the cities of New Cairo, the NAC, Sheikh Zayed, Sixth of October City, and New Alamein with a total of 100,000 sqm in 2023, pointing out that the company is studying the launch of recreational real estate projects in the North Coast and New Alamein.