Safwa Urban Development (SUD) aims for EGP 7 billion in sales and EGP 5 billion in construction for 2025. They sold 100,000 sqm in 2024 and target doubling residential units this year, with significant projects in the New Administrative Capital and New Cairo. SUD reinforces its market presence through five subsidiaries, focusing on quality developments.
Safwa Urban Development (SUD) has outlined a strategic plan to achieve sales of EGP 7 billion in 2025, alongside a construction budget of EGP 5 billion. This figure represents an increase from EGP 4 billion spent the previous year. Mohamed Shalaby, CEO and Managing Director, confirmed that the company sold 100,000 square meters of real estate in 2024 and plans to support its sales target by launching new projects. With a land portfolio encompassing 2 million square meters, SUD continues to utilize self-funding for its developments.
Medhat Shalaby, the Chairperson of SUD, reported that the company delivered 1,500 residential units and aims to double this number to 3,000 units in 2025. He emphasized SUD’s influential role in the New Administrative Capital, where they have established strategic positions early in the development phase. The company has committed EGP 18 billion to five significant projects, including Capital Heights 1, a 50-feddan residential compound with 2,000 units, and Capital Heights 2, which encompasses 2,450 residential units across 57 feddans. Other key projects include a commercial center, Capital Hub 1, and Financial Hub, positioned centrally within the Financial and Banking Districts.
In addition to its initiatives in the New Administrative Capital, SUD is making strides in New Cairo. Youssef Shalaby, board member, highlighted the development of 7,000 residential units since the company’s establishment, emphasizing their commitment to meeting client expectations. A notable recent project, SUD Pixel, is a mixed-use development located in the heart of the Fifth Settlement, showcasing over 3,000 square meters of commercial and administrative space.
Ali Shalaby, also a board member, emphasized that SUD Integrated Group operates five subsidiaries, further consolidating the firm’s market position. With ambitious investments and a growing product portfolio, SUD is establishing itself as a significant player in Egypt’s real estate sector, committed to delivering quality developments that enhance economic growth.
In summary, Safwa Urban Development is poised for significant growth in 2025, with ambitious sales and construction targets that reflect their commitment to the Egyptian real estate market. Their strategic projects in the New Administrative Capital and New Cairo, coupled with successful past developments, position SUD as a formidable leader dedicated to quality and economic progression.
Original Source: www.dailynewsegypt.com
