SKY AD. Developments unveils its third project, Blue Tree in new Cairo with EGP 8bln in investments
SKY AD. Developments, the subsidiary of Diamond Group, has launched its latest prominent project, Blue Tree, located in last remaining distinctive plot in the heart of New Cairo, the Golden Square with total investments worth EGP8bn. Spanning over 50 acres, the mixed-use project includes residential, commercial, and administrative units offering luxurious and sustainable living space.
The launch of Blue Tree comes after two years of SKY AD.’s commencement in the Egyptian real estate market; as part of the company's expansion plan regionally and globally following its monumental success in the UAE’s market, and swiftly enhancing consumer confidence by leveraging its reputation as a developer that utilizes high standards in establishing integrated luxurious projects.
The announcement came during a press conference held today where the company’s top executives were present, most prominently H.E Saleh Mohammed Bin Nasra, Owner of Diamond Group, Eng. Abdel Rahman Agami, CEO of Diamond Group and Sky AD. Developments; Mr. Mostafa Salah, CCO of Sky AD. Developments; and journalists and media representatives,
The newly announced Blue Tree project aligns with SKY AD. Developments’ strategy to provide integrated urban projects with state-of-the-art smart systems and innovative designs, enhancing the local real estate market with modern and diverse options, the project comes in line with Egypt's strategic national plan for urban development 2052.
"We have an ambitious plan to invest and expand further in the Egyptian market, therefore we have already launched three different projects in a record time, and we aim to increase our investments in the coming period.” stated CEO of Diamond Group and SKY AD. Developments, Eng. Abdelrahman Agami
The urban development plans adopted by the Egyptian government encourage developers to establish integrated residential, commercial, and administrative projects, and we at SKY AD. are keen to implement this vision," he said.
Eng. Abdelrahman Agami added that the company considers Blue Tree as an added value to the Egyptian real estate market. The project leverages an exceptional design developed by one of the largest international companies, combining the latest trends in design and state-of-the-art smart services to offer both comfort and luxury to homeowners.
“Bringing its expertise in implementing rapid delivery of units with the highest quality standards, SKY AD. offers a remarkable model in developing integrated urban projects in the Egyptian real estate market,” according to Eng. Abdelrahman Agami.