LUD achieves EGP 2.5bn in sales from The Rift Business Park in Mostakbal City

Lozan Urban Development Group (LUD) has announced exceptional sales of EGP 2.5bn from its innovative project, The Rift Business Park, which is located in east Cairo between the gates of Mostakbal City and the New Administrative Capital (NAC).

Adel Abdel Moneim, the chairperson of LUD, said that the company launched its project, The Rift, in partnership with El Rabwa Group in the second quarter of 2023. The company launched the first and second phases of the project throughout the year due to the high demand.

He said that the company plans to launch the project in five sales and marketing phases and has completed 85% of the first and second phases.

He also said that the company plans to launch the third phase in the second half of 2024, along with the start of excavation and construction work in the project. The company aims to deliver the business park on schedule.