Sorouh Developments announced that it has obtained the ministerial decree No. 1134 on its flagship Entrada Compound, located in Egypt’s new capital.
Sorouh is a shareholding company comprising a number of Egyptian and Arab investors, who implemented more than 250 real estate projects in Egypt, Turkey, Saudi Arabia, Kuwait, and the United Arab Emirates.
The fully-fledged residential project will be implemented over 72 feddans within four years, with total investments of 9 billion Egyptian pounds ($503 million), the company’s board member Walaa Alami said on Sunday.
“Entrada is set to include a number of apartments and duplexes besides 3,000 housing units, with spaces ranging between 115 square metres and 250 square metres,” Alami said. The project means entrance in English.
