Al Dau Development to invest EGP 1bn in Al Dau Strand in Hurghada

Egypt’s property developer Al Dau Development says it plans to inject investments of one billion Egyptian pounds ($56 million) into its residential and touristic flagship, Al Dau Strand in Hurghada.

The company executed around 40 percent of the project that will be established on a space of 25,000 square metres in a four-year timeframe, said its senior director of operations Mohamed Salem on Sunday.

“The project is set to include 384,000 units,” Salem said.

Moreover, Al Dau is currently carrying out the second phase of a new project Al Dau Heights over 85,000 square metres in four years, with investments worth two billion pounds, he added.

” Al Dau Heights will encompass 1,063 homes and a mall named Al Dau Village Mall over 22,000 square metres ,” he said.