According to a press release, Attal Properties has collaborated with Arab Contractors Company to launch its top project in “The 101” with a total investment of around EGP 25 billion.
The project, which would cover more over 424,000 square metres, will be placed on Plot No. 1 in Phase 1 of Mostakbal City in New Cairo.
Ahmed El-Attal, Chairman of El-Attal Group, stated, “”The 101″ offers a variety of luxurious residential units, including maisonettes, twin houses, townhouses, and villas, with sizes ranging from 120 to 500 square meters.”
” The proposal includes all entertainment facilities, such as sports and health clubs, artificial lakes, running and cycling tracks, expansive open spaces, and other recreational zones. El-Attal added that it has a sophisticated and clever security system that ensures the safety and privacy of all occupants.
He further stated that only 30% of the project’s huge area is set aside for buildings and residential units, with the remaining 70% dedicated to diverse water bodies, landscapes, and integrated services.
Ahmed El-Assar, Chairman of Arab Contractors, stated: “We are excited about this partnership, which embodies El-Attal Properties’ ongoing efforts to achieve excellence and success in real estate development.”
“We are committed to achieving tangible and innovative results that enhance our historical market position and serve the interests of our clients and partners,” El-Assar stated.
The Arab Contractors control 11% of the National Bank of Egypt (NBE), Banque Misr, the National Investment Bank, and Misr Financial Investments Company.
