Squares Developments Expands in New Capital: New Project Set to Reach EGP 23 Billion in Sales
Squares Developments has revealed its plans to launch its third real estate project
in the New Administrative Capital, boosting its sales target to EGP 23 billion This move
is part of the company’s robust expansion strategy and its unwavering confidence in the
growth potential of Egypt’s New Capital, which is rapidly emerging as one of the largest
smart cities in the region
Expanding Squares Developments’ Presence in New Capital
Eng Talaat Gorgous, Chairman of Squares Developments, emphasized that the new project
will be an extension of the company’s successful ventures in the New Administrative Capital
He noted that the city has become the top destination for real estate investment in Egypt
driven by a dynamic urban and economic transformation With the introduction of this third
project, Squares Developments will expand its portfolio in the New Capital to five projects, with
a combined sales target of EGP 23 billion. The project will feature an innovative architectural
concept that balances modern design with functional space efficiency, offering a product that
combines investment value and quality to meet the current market demand
“This new project will stand out as an exceptional choice for clients seeking unique and high-quality
developments in the New Capital,” Eng Gorgous state
Highlights of Previous Successful Projects in the New Capital
Eng. Hany Gorgous, Vice Chairman of Squares Developments, shared that the
company’s Remeny Project, located in the MU23 area, is a mixed-use development
that includes residential, hotel, commercial, administrative, and medical units Spanning
7,000 square meters, the project sits next to the Sports City and overlooks the Al-Amal Axis
The company has adopted a strategic marketing approach for the Remeny Project, ensuring
price stability and consistent construction progress In addition, Squares Developments owns
the West View Project, located on the Western Axis in the Downtown area of the New Capital
Covering 3,700 square meters, this mixed-use development features commercial, administrative
and medical units, highlighting the company’s commitment to delivering varied real estate solutions
that meet diverse customer needs
Commitment to Quality and Transparency in Real Estate Development
Eng Mina Maher, Board Member and General Manager of Squares Developments, emphasized
the company’s unwavering commitment to executing projects with the highest standards of
quality and transparency He confirmed that the company is working at full capacity to deliver
landmark developments that align with the Egyptian government’s urban growth plans
We are dedicated to providing real estate products that cater to the needs of various customer
segments while contributing to the overall development of the New Capital,” Eng Maher added
A Legacy of Success in Real Estate Development
Eng Talaat Gorgous brings over 40 years of extensive experience in real estate development
both in Kuwait and Egypt His successful career includes his leadership of House Building
Developments, a pioneering firm that has delivered a strong portfolio of projects in areas
like Nasr City and New Cairo
