Safwa Urban Development Aims for EGP 7 Billion in Sales with EGP 5 Billion Investment in 2025

Safwa Urban Development (SUD) aims to achieve EGP 7 billion in sales and invest EGP 5 billion in construction for 2025. The company reported the successful sale of 100,000 sqm in 2024. SUD plans to deliver 3,000 residential units this year, further emphasizing its commitment to prominent projects in the New Administrative Capital and New Cairo.

Safwa Urban Development (SUD) has declared an ambitious objective for 2025, seeking to achieve EGP 7 billion in sales while investing EGP 5 billion in construction. This represented a considerable increase from the EGP 4 billion allocated the previous year. According to Mohamed Shalaby, CEO and Managing Director, SUD sold 100,000 square meters of real estate in 2024, leveraging the launch of new projects to drive sales growth. The company owns a land portfolio of 2 million square meters and continues to finance its ventures through self-funding.

Medhat Shalaby, Chairperson of SUD, emphasized the successful delivery of 1,500 residential units and aims to double that figure to 3,000 units in the current year. He praised SUD’s innovative contributions to the New Administrative Capital, having strategically secured prime locations early. The company has invested EGP 18 billion across five significant projects in the capital, including Capital Heights 1, which consists of 2,000 residential units, and Capital Heights 2, featuring 2,450 residential units, including expansive residences of 1,095 square meters.

Additionally, SUD has developed two commercial centers, Capital Hub 1 covering 30,000 square meters and Hub 2 extending over 35,000 square meters, situated in strategic locations. The Financial Hub is another vital project located in the Financial and Banking Districts, affirming the company’s growth in infrastructure.

Beyond the New Administrative Capital, SUD is expanding in New Cairo, with board member Youssef Shalaby noting the successful delivery of 7,000 residential units since inception. Among recent projects, SUD Pixel stands out as a mixed-use development in Fifth Settlement, featuring multiple levels tailored to accommodate diverse business needs.

Another board member, Ali Shalaby, remarked on SUD Integrated Group’s operation of five subsidiaries across various sectors, reinforcing its market position. With robust investment strategies and an expanding portfolio, SUD is poised to lead the Egyptian real estate sector while delivering high-quality developments to stimulate economic growth.

Safwa Urban Development is strategically positioning itself for substantial growth in the real estate industry with a commitment to investing EGP 5 billion in construction and targeting EGP 7 billion in sales for 2025. The company’s extensive portfolio and active projects, particularly in the New Administrative Capital and New Cairo, underscore SUD’s role as a pioneer in the market. With an emphasis on high-quality developments and customer satisfaction, SUD is enhancing its reputation and reinforcing its growth trajectory in Egypt’s competitive landscape.

Original Source: www.dailynewsegypt.com