Egypt's SAK to deliver three projects in the New Administrative Capital by 2025

Egyptian developer SAK Developments expects to deliver residential, commercial and hospitality projects in the New Administrative Capital (NAC) over the next two years, the company's chairman said.

Ahmed Kadri told Zawya Projects that they would pump 300 million Egyptian pounds ($9.7 million) into construction works in 2024.

He said they have completed 85 percent of the company’s 12-building residential project Sueño and delivered more than 50 percent of the units four months ago.

Kadri said work on the remaining units as well as finishing and landscaping will be completed by the end of 2024.

He disclosed that they have completed the excavation works in commercial project EGP500 million ($16 million) ‘The V Hub’, which is built on an area of 7,500 square metres (sqm).