TOREC Developments Achieves EGP 1.3 Billion in Sales at Marina 1 on Egypt’s North Coast

TOREC Developments, a subsidiary of the New Urban Communities Authority (NUCA), has recorded EGP 1.3 billion in sales for its flagship North Coast project, Marina 1.

The project features 147 units, including chalets, townhouses, twin houses, and standalone villas, with sizes ranging from 78 to 396 square meters. Pricing starts at EGP 30,000 per square meter, rising to EGP 46,000 for cash buyers. 

Flexible payment plans are offered, requiring a 10% down payment and installments over up to seven years with interest. Units are slated for delivery in 2027.

Located at kilometer 94 on the Alexandria Desert Road, Marina 1 is strategically positioned near New Alamein City, Sidi Abdelrahman, Alamein Towers, and Alamein Arena, making it a premier lifestyle and investment destination on Egypt’s North Coast.

Founded in 2015, TOREC Developments is backed by a robust shareholder base, including NUCA, Al Oula Mortgage Finance, MIDBANK, the Holding Company for Investment & Development, Misr Insurance, and Misr Life Insurance.

 In 2021, Mohamed Anwar Helal was appointed CEO to drive the company’s expansion strategy, with NUCA increasing its stake to 67%.

 By 2022, TOREC’s capital grew to EGP 500 million, supporting its diversification into the development and marketing of NUCA projects.