Edge Stone Holding Company, one of the largest companies operating in the real estate market and contracting sector, celebrated the sale of the entire first phase of its Murraya project in the New Administrative Capital, through an investment of one billion pounds.

This came during a celebration organized by Edge Stone at the company’s headquarters in the presence of the company’s senior supervisor and the work team.

Engineer Tariq Zein, Vice Chairman of the Board of Directors, said that the Moraya project has received great demand since its announcement, and this is clearly evident in the completion of the sale of its first phase within one month of the offering process.

The company’s vision of implementing first and then selling was an essential factor in spreading confidence among customers and consolidating its name.

With the company in mind, and in implementation of this strategy, the construction rate in Mwaria has reached more than 70%.

Tarek Zein said that Moraya is a residential project (compound) on an area of ​​25 acres in the R8 area of ​​the New Administrative Capital, in a very distinguished location with a direct view of the Green River and close to the Diplomatic Quarter and the monorail station.

It includes 1,050 residential units with areas ranging from 154 to 310 square meters, delivered fully finished and with air conditioning. Moraya includes four phases and includes an administrative commercial mall with all brands.

He added that the group aims to achieve sales exceeding 4 billion pounds by the end of 2024, pointing out that the company has developed different and flexible payment systems, including a 10% down payment and a 6-year repayment period, 15% down payment, a 7-year repayment period, and a 20% and 8-year repayment period.

Tariq Zein revealed the company’s expansion plan, through which it aims to implement a series of projects in the new administrative capital, which will be announced soon.

Engineer Tariq Zein, Vice Chairman of the Board of Directors, expressed his complete gratitude to the Edge Stone work team, which has high professionalism and long experience in the field of development and marketing.

It is new to note that Edge Stone is a holding company from which a group of companies emerge, including a contracting company, another for real estate development, Edge Stone for agricultural and poultry reclamation, and another for advertising. Edge owns several branches in different countries, including Edge Stone, Germany, Saudi Arabia, and Dubai.