Egyptian developer Pact Real Estate Group is planning to promote 180 units in White Bay North Coast project within 2017, Chairman and Managing Director Mohamed Gamal said Sunday.
Gamal stated that the company promoted around 25 percent of project’s total units that are estimated at 650.
It is scheduled to market a part of these units outside Egypt in order to enhance and activate local economy and Egyptian real estate market, the official noted.
Gamal further clarified that White Bay is located in Sidi Heneish, North Coast, on a space of 80 feddans, adding that the project is being implemented upon four phases over seven years.
The current increase in execution cost could lead to a 50 percent increase in units’ prices by the end of 2017, he concluded.