EFID Developments launches two new projects in the Green Belt area with investments of EGP 700 million.
EFID Developments Company announced its plan to launch two distinct projects in West Cairo, named “Park Valley Blue” and “Park Valley GC” projects, with total investments amounting to EGP 700 million, raising the company’s portfolio of projects in West Cairo to 5 projects.
Mohamed Abdel Badie, Chairman of EFID Developments, said that the company has a clear investment plan and an ambitious expansion vision to invest in West Cairo region, and due to the distinguished investment opportunities offered in West Cairo, and the presence of a strong demand for them, the company obtained a number of lands in different distinguished locations in Sheikh Zayed City and has implemented unconventional projects on it
He added that “Park Valley Blue” project is located in Sheikh Zayed City in basin 26, which is an integrated residential project that includes 59 villas, located on an area of 7 acres, with total investments of 400 million pounds, besides “Park Valley GC” project is located in basin 16 directly on the middle ring road, and it is located on an area of 5 acres, as a residential, commercial and administrative project with total investments amounting to 300 million pounds.
He pointed that EFID Developments owes more than 20 years of experience, and succeeded during this period in implementing 40 projects with a total investment of more than 20 billion pounds, and the company was able to own client’s confidence and increase its client’s database, through providing strong aftersales services, and providing finishing service to its clients.
He explained that the company owns 5 projects in Sheikh Zayed and October, specifically in the green belt district, and its projects portfolio includes “Park Valley”, “Park Valley Green”, “Park Valley Le Plateau”, “Park Valley GC” and “Park Valley Blue”, and these projects are located in a privileged location, 5 minutes away from Waslet Dahshur road, which connects all vital areas, including the Mall of Arabia and the Central Axis.
He indicated that “Park Valley” project is located in Basin 2, and it consists of 34 villas on an area of 5 acres, with investments amounting to about 220 million pounds, and about 70% of the project has been sold, and “Park Valley Green” project is located in Basin 18, and consists of 34 villas on an area of 5 acres, with investments of 130 million pounds, and it was fully marketed in the first 8 months of its launch.
He added that the company owns a distinguished project in Basin 2, and the company’s investment plan during 2023 includes about EGP 1.5 billion.
He assured that the company aims to launch integrated residential communities that guarantee quality and luxury of life for clients, and also aims to be one of the major real estate development companies present in the market, which is excellence based on commitment during implementation and delivery to clients according to the specified time and the highest quality standards, with offering accurate aftersales services, where the relationship between the company and its clients are extended, and is a relationship of partnership and cooperation, and don’t stop on selling units.