WITH INVESTMENTS EXCEEDING ONE BILLION POUNDS BLUE-BLUE & LAVIDA

Continuing its serious role in developing and improving the real estate sector in Egypt, Metawee Group has announced its participation in CityScape exhibition and conference in its sixth edition, taking place between 7- 10 April 2016. The Group will showcase its recent investment and real estate projects; Blue Blue resort in Ain Al Sokhna and La Vida residential compound in front of Madinty. These projects are considered part of Metawee Group’s enormous portfolio of various residential and touristic projects that depend 100% on self-funding, within the framework of its expansion plan to start a revolution in the real estate sector, and enter new markets in the tourism investment sector.

Chairman of Metawee Group, Mohamed Metawee, expressed his content with the participation of the group of companies for the third year in a row in CityScape exhibition, which witnesses a huge selection of real estate developers, both local and international, considering it an important mean to achieve the objectives of real estate companies in the Egyptian market. He also said that the huge success the group has achieved during last year’s participation in the same exhibition, was the main reason behind participating this year, and that it is one of most largest real estate exhibitions in Egypt and the Middle East.

Metawee Group participation in this year’s exhibition with its projects Blue Blue in Ail Al Sokhna and La Vida in front of Madinty, shows its commitment to connect directly with the audience and inform them closely about the nature and details of the residential units in both projects, Metawee added. Highlighting the payment facilities the group offers that suit the circumstances of the Egyptian society, especially youth, adding that the group is attempting to provide a variety of special and unique offers in order to attract a huge number of visitors.

Moreover, Metawee underlined that the group is strongly seeking to support the Egyptian economy and push its development forward. This is clear in its investments of over 230 millions EGP in La Vida compound, and a total investments of 750 millions EGP in Blue Blue resort; believing in the role of private sector companies in activating the economy in specific, and developing Egypt in general through providing residential units that cater for different segments of the society, or through projects that provide labor opportunities exceeding thousands. La Vida compound provides over 1000 work opportunities, while Blue Blue resort provides almost 5000 other opportunities.

La Vida compound is like a fully self-funded family residential community that includes 500 housing units all designed in modern Italian style, located 10 minutes only from fifth settlement, and provides its residents with all amenities, safety, privacy, and entertainment. Completion date of the compound will not exceed 3 years, as we are always keen on delivering before the due date to keep our customers happy. Currently, 60% of the project has been implemented and the delivery of phase is by the end of 2016, and we also started working on the third phase.

Metawee also noted that this year the Group is also participating with Blue Blue resort in Ain Al Sokhna, Zaafarana road, extending over an area of 121.000 m2 that includes 700 housing units, all enjoying a beautiful sea view. The resort’s location in the area of windmills for renewable energy, 30 kilos away from the mountain, provides the resident with pure air all the time. Additionally, the resort provides a lot of services including more than 15 swimming pools distributed all around, a magical beach stretched over 280 m, a mini aqua park, and a lazy river used for moving across the resort via small rafts for extra fun and enjoyment. As well as a state-of-the- art sports gym, and a health club that includes spa, sauna, and jacuzzi for residents to relax and unwind.

It is also worth mentioning that Metawee Group is planning to develop many real estate projects. Currently working on a new plan for administrative, commercial, touristic, and residential development, and has assigned the designing work for the best consultancy companies in Egypt to guarantee a good and unique real estate product for customers, as a house and investment value.