Al-Ahly Bank and Egypt launched their new real estate project Gardenia City on the Suez Road, with investments exceeding 26 billion pounds, which will take over the Al-Ahly Sabour alliance with the Founders company of Hyde Park Development Real estate, sales operations and development of its marketing plans.
Hisham Okasha, Chairman of the Board of Directors of the National Bank of Egypt, confirmed that the bank aims to launch this project to contribute to the provision of housing complexes that include units that meet the needs of customers. The project, the availability of various services, and the distinctiveness of the site, in line with the state’s directives to create new integrated urban communities to reduce congestion within the old communities in Cairo.
Mohamed Al-Etribi, Chairman of Banque Misr, said his bank seeks to support the real estate sector that provides investment opportunities in various activities, whether direct or indirect, stressing the role It is vital for Banque Misr in supporting all activities that contribute to supporting economic and social development as one of the strategic axes.
For his part, Hassan Ghanem, Chairman of the Board of Directors of Hyde Park Real Estate Development and Chairman of the Board of Directors of the Housing and Development Bank, said that choosing Al-Ahly Bank and Egypt for the Al-Ahly alliance is patient and Hyde Park (Founders) to take over sales and marketing of the Gardenia City project, reflecting the position and strength of the company to develop and implement marketing plans in order to achieve strong sales ratios.
while Ahmed Sabbour, CEO of Al Ahly Sabbour Real Estate Development, said that the alliance with Hyde Park Real Estate Development will represent a strong boost to the real estate market, especially since the real estate sector is one of the most important Sectors affecting the Egyptian economy, and the Gardenia project is a unique project as it is one of the largest projects that includes fully finished units ready for delivery for the first time in Egypt.
Amin Siraj, managing director of Hyde Park Real Estate Development, said that the Gardenia City project is one of the best projects on the real estate map, as it enjoys a strategic location on the vital Suez axis And close to all vital areas and places, and all units are fully finished and ready for immediate housing.
He added that the project is being built on an area of 513 acres, and the buildings occupy only 20% of the total project, and that marketing it during this stage represents an opportunity for further recovery of the real estate market, This is what Founders is doing as its first project in the real estate market.
It is mentioned that the Gardenia City project is built on an area of 513 acres, and includes about 19,500 units starting from 120 square meters, in addition to the villas area and includes 100 independent villas and about 80 Twin House.
