Chairman and Chief Editor
Bedour Ibrahim

New Cairo is part of the expansion plan initiated by Cred

CRED Unveils ‘Ever New Cairo’ its EGP 30 Billion New Project

Wednesday 31/January/2024 - 04:02 PM
أصول مصر

The pioneering real estate company، Cred، has announced the launching of its latest and largest projects to date، “Ever New Cairo”. In partnership with the New Urban Community Authority، the project is located in one of the most vital locations in New Cairo spanning over 128.5 acres of land with total investments of EGP 30 billion. Cred held a press conference at the St. Regis Hotel، Cairo in the presence of Eng. Ahmed Mansour، CEO of Cred، announcing all the projects details.

Expansion plan

Ever New Cairo is part of the expansion plan initiated by Cred in various investment areas around the country. The project is ideally and strategically situated in the 6th settlement of the Southern 90 Street، it is an administrative، commercial and residential project. The new project focuses on delivering amazing investment opportunities to the public through its meticulous attention to details like the master plan، designs، services and amenities. Ever New Cairo’s location is certainly prime.

Ever New Cairo’s built-up area is 350،000 m2، which is implemented over 4 phases. It consists of 2100 residential units varied between 500 villas with distinctively unique designs and spaces ranging from 200 to 550 m2. 1600 Fully finished apartments are also included with various spaces as well as a specific administrative and commercial district. The construction works of the project are set to start in 2025 up until 2031. The whole project is to be completed within 7 years and will be sold in four phases. The first units are expected to be delivered in 2029 with target sales of EGP 35 billion.


Promoting projects

Eng. Ahmed Mansour، Cred’s CEO، confirmed “As a part of Cred’s vision for expansion and promoting its projects portfolio during the upcoming years، the company is starting a new milestone by launching its latest project، Ever New Cairo، in the 6th settlement، New Cairo. To complete its expansion through the various vital regions، Cred started from the New Administrative Capital (NAC) in East Cairo، it was one of the first Egyptian real estate companies who realized that this national project represented a genuine chance for development and investment، we then moved forward to the grandeur of West Cairo، with its unique cultural and touristic accompaniments. Now we are back in East Cairo، more precisely the 6th settlement، Cred is stepping into a new challenge through its Ever New Cairo project، through which we seek to offer a unique model of competitive urban projects and be strongly present in such an important and strategic location in the heart of New Cairo.”

Promising location

Ever New Cairo is distinguished by its promising location near various vital facilities. It’s surrounded by several main routes that allow the residents of the project to move and easily access remote locations like the Cairo International Airport and many downtown neighborhoods as fast as possible. Particularly with the continuous development of the country's road network in the recent period، the location will become even more central. In respect to the project's master plans and various designs، the vast space of Ever New Cairo has a building rate that does not exceed 14%; the rest of the space is for green and open areas. All the project’s units have a direct view of greenery enabling their residents to indulge in spectacular views. Furthermore، special walkways، tree-lined streets، sports fields، a central social hub، a signature clubhouse and various spaces of commercial and administrative units await all upcoming clients. With optimal exploitation and integrated technological infrastructure that provides employees with a healthy working environment، it will enable them to be competitive and innovative. Cred collaborated with a group of the grand local and global engineering consulting offices to put the master plans and designs of the project into effect. The designs will be represented by Ismail Habruk Engineering Consulting Office and DIE STADT.