Tatweer Misr markets 4,200 units in IL Monte Galala, Fouka Bay

Egypt’s property developer Tatweer Misr had completely marketed 4,200 units in its two flagships IL Monte Galala in Ain Sokhna and Fouka Bay in North Coast, said managing director Ahmed Shalaby on Tuesday.

The 4,200 units are distributed as 2,700 homes in IL Monte Galala and 1,500 others in Fouka Bay, Shalaby further told Amwal Al Ghad.

Spanning over 2.2 million square metres, Il Monte Galala includes 8,000 residential units and hotel apartments, with 1.5 billion Egyptian pounds ($83.8 million) in investments that will be paid off over a ten-year timeframe.

In 2017, Tatweer Misr signed its second contract with multinational water innovation firm Crystal Lagoons to establish a man-made crystal-clear lagoon in Fouka Bay.

Fouka Bay’s construction works comprise implementing a number of bridges, roads, and utilities networks.